Toronto Dominion Bank Sells 21,448 Shares of NXP Semiconductors (NASDAQ:NXPI)

Toronto Dominion Bank trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 13.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 139,895 shares of the semiconductor provider’s stock after selling 21,448 shares during the quarter. Toronto Dominion Bank’s holdings in NXP Semiconductors were worth $37,644,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NXPI. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of NXP Semiconductors by 893.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. TD Asset Management Inc grew its holdings in NXP Semiconductors by 20.0% in the 4th quarter. TD Asset Management Inc now owns 202,278 shares of the semiconductor provider’s stock worth $46,459,000 after acquiring an additional 33,672 shares during the last quarter. Norden Group LLC bought a new stake in NXP Semiconductors in the 1st quarter worth $1,775,000. Congress Asset Management Co. MA increased its position in shares of NXP Semiconductors by 0.8% in the fourth quarter. Congress Asset Management Co. MA now owns 509,420 shares of the semiconductor provider’s stock valued at $117,004,000 after acquiring an additional 4,074 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of NXP Semiconductors by 4,525.6% during the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after acquiring an additional 349,061 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $233.97 on Thursday. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $59.82 billion, a P/E ratio of 21.60, a PEG ratio of 2.51 and a beta of 1.49. The stock’s 50 day moving average is $245.85 and its 200 day moving average is $254.04.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.04 earnings per share. On average, equities research analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.73%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Insider Activity

In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Julie Southern bought 146 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Truist Financial decreased their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Oppenheimer lifted their price target on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Needham & Company LLC upped their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Citigroup raised their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $294.89.

NXP Semiconductors Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.