Neville Rodie & Shaw Inc. Sells 1,750 Shares of NXP Semiconductors (NASDAQ:NXPI)

Neville Rodie & Shaw Inc. lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 16.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,620 shares of the semiconductor provider’s stock after selling 1,750 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in NXP Semiconductors were worth $1,638,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. FMR LLC raised its stake in shares of NXP Semiconductors by 0.3% during the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider’s stock worth $5,213,861,000 after acquiring an additional 86,716 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of NXP Semiconductors by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock worth $2,769,048,000 after acquiring an additional 99,667 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of NXP Semiconductors by 1.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock worth $1,672,409,000 after acquiring an additional 144,391 shares in the last quarter. Geode Capital Management LLC increased its stake in NXP Semiconductors by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock valued at $1,088,094,000 after purchasing an additional 96,483 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in NXP Semiconductors by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider’s stock valued at $982,994,000 after purchasing an additional 269,656 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Needham & Company LLC cut their price target on shares of NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Citigroup cut their price target on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Truist Financial upped their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a research note on Monday, April 21st. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $246.22.

NXP Semiconductors Stock Down 1.4%

NXPI stock opened at $196.21 on Thursday. The firm’s fifty day simple moving average is $187.83 and its 200-day simple moving average is $206.78. The company has a market capitalization of $49.57 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.24 EPS. As a group, equities research analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 44.12%.

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.