NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Congress Asset Management Co. MA

Congress Asset Management Co. MA decreased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 0.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 508,692 shares of the semiconductor provider’s stock after selling 728 shares during the quarter. Congress Asset Management Co. MA owned 0.20% of NXP Semiconductors worth $126,039,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NXPI. Lincoln National Corp lifted its position in shares of NXP Semiconductors by 1.9% in the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock valued at $568,000 after acquiring an additional 46 shares in the last quarter. RFG Advisory LLC grew its stake in NXP Semiconductors by 1.6% during the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock valued at $740,000 after acquiring an additional 47 shares in the last quarter. IMPACTfolio LLC increased its holdings in shares of NXP Semiconductors by 4.3% in the 4th quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock valued at $273,000 after purchasing an additional 49 shares during the period. FinTrust Capital Advisors LLC lifted its position in shares of NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in shares of NXP Semiconductors by 4.3% during the fourth quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider’s stock worth $280,000 after purchasing an additional 50 shares during the period. Institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In related news, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the sale, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NXPI shares. Needham & Company LLC boosted their price target on shares of NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Evercore ISI lifted their price target on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. UBS Group increased their price objective on NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. The Goldman Sachs Group lifted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $267.80.

NXP Semiconductors Stock Performance

Shares of NXPI traded up $6.35 on Friday, reaching $271.03. 4,027,521 shares of the stock traded hands, compared to its average volume of 1,516,029. The stock’s 50-day moving average price is $260.55 and its 200-day moving average price is $241.36. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The firm has a market cap of $69.30 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 2.47 and a beta of 1.50. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. Equities analysts forecast that NXP Semiconductors will post 12.47 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.06 annualized dividend and a dividend yield of 1.50%. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

About NXP Semiconductors

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.