DekaBank Deutsche Girozentrale Sells 9,780 Shares of NXP Semiconductors N.V. $NXPI

DekaBank Deutsche Girozentrale reduced its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 8.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 112,801 shares of the semiconductor provider’s stock after selling 9,780 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in NXP Semiconductors were worth $24,564,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of NXP Semiconductors by 11.7% in the first quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock valued at $2,419,662,000 after buying an additional 1,330,474 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of NXP Semiconductors by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider’s stock valued at $1,545,958,000 after buying an additional 87,820 shares during the period. Invesco Ltd. boosted its stake in shares of NXP Semiconductors by 8.2% in the first quarter. Invesco Ltd. now owns 4,693,126 shares of the semiconductor provider’s stock valued at $891,975,000 after buying an additional 353,782 shares during the period. Pictet Asset Management Holding SA lifted its stake in NXP Semiconductors by 10.6% during the first quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider’s stock worth $858,902,000 after purchasing an additional 432,838 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in NXP Semiconductors by 20.0% during the first quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider’s stock worth $647,387,000 after purchasing an additional 567,831 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. TD Cowen cut their target price on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, October 10th. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $205.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Truist Financial upped their target price on NXP Semiconductors from $230.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group assumed coverage on NXP Semiconductors in a research note on Thursday, July 10th. They set a “buy” rating and a $276.00 target price for the company. Finally, Needham & Company LLC upped their target price on NXP Semiconductors from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.06.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the completion of the transaction, the executive vice president directly owned 6,828 shares in the company, valued at approximately $1,476,281.88. This represents a 12.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Rafael Sotomayor sold 2,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total value of $439,140.00. Following the completion of the sale, the president owned 4,958 shares of the company’s stock, valued at $1,088,628.06. The trade was a 28.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,785 shares of company stock worth $2,197,852. Corporate insiders own 0.12% of the company’s stock.

NXP Semiconductors Stock Down 2.3%

Shares of NASDAQ:NXPI opened at $217.16 on Thursday. The company has a fifty day moving average of $225.56 and a 200-day moving average of $211.69. The company has a market capitalization of $54.75 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 2.52 and a beta of 1.44. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $256.62.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.20 earnings per share. On average, equities analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, September 17th. This represents a $4.06 annualized dividend and a dividend yield of 1.9%. NXP Semiconductors’s dividend payout ratio is 48.39%.

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.