Savant Capital LLC Sells 4,442 Shares of NXP Semiconductors N.V. $NXPI

Savant Capital LLC lowered its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 72.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,663 shares of the semiconductor provider’s stock after selling 4,442 shares during the period. Savant Capital LLC’s holdings in NXP Semiconductors were worth $361,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new stake in NXP Semiconductors in the third quarter valued at about $26,000. Kelleher Financial Advisors bought a new stake in NXP Semiconductors in the third quarter valued at about $31,000. Wexford Capital LP bought a new stake in NXP Semiconductors in the third quarter valued at about $31,000. Community Bank N.A. bought a new stake in NXP Semiconductors in the third quarter valued at about $37,000. Finally, Cornerstone Planning Group LLC increased its stake in NXP Semiconductors by 1,092.9% in the third quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock valued at $38,000 after acquiring an additional 153 shares during the period. Institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the transaction, the executive vice president directly owned 9,942 shares in the company, valued at approximately $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the transaction, the executive vice president owned 2,020 shares in the company, valued at $474,700. The trade was a 72.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 12,611 shares of company stock worth $3,061,078. Corporate insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of analyst reports. Citigroup upped their target price on shares of NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Jefferies Financial Group upped their target price on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Wolfe Research boosted their price target on shares of NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Truist Financial boosted their price target on shares of NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $294.25.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $295.96 on Friday. The firm has a market cap of $74.72 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.16 and a beta of 1.77. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The company’s 50-day moving average price is $260.21 and its two-hundred day moving average price is $234.41.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.64 earnings per share. On average, equities analysts anticipate that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is presently 38.76%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.