NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 283,136 shares of the semiconductor provider’s stock after selling 7,836 shares during the period. Truist Financial Corp’s holdings in NXP Semiconductors were worth $76,189,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of NXP Semiconductors by 893.2% in the 4th 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 buying an additional 2,097,727 shares in the last quarter. Norden Group LLC acquired a new position in NXP Semiconductors in the first quarter worth approximately $1,775,000. Congress Asset Management Co. MA increased its holdings 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 buying an additional 4,074 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of NXP Semiconductors by 4,525.6% during the 1st 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. Finally, M&G Plc acquired a new position in shares of NXP Semiconductors in the 1st quarter worth $65,830,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Needham & Company LLC upped their target price on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 target price on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. Morgan Stanley reduced their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Truist Financial lowered their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Stock Performance

NXPI opened at $232.22 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The company has a market cap of $59.37 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.51 and a beta of 1.49. The stock has a 50-day moving average of $242.30 and a 200-day moving average of $253.69. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08.

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

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors 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 1.75%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.40%.

NXP Semiconductors Company 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.