Intrepid Family Office LLC Sells 5,000 Shares of NXP Semiconductors N.V. $NXPI

Intrepid Family Office LLC decreased its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 33.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the semiconductor provider’s stock after selling 5,000 shares during the quarter. NXP Semiconductors comprises approximately 1.8% of Intrepid Family Office LLC’s investment portfolio, making the stock its 15th largest holding. Intrepid Family Office LLC’s holdings in NXP Semiconductors were worth $2,185,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NXPI. Vanguard Group Inc. boosted its stake in NXP Semiconductors by 1.4% during the second quarter. Vanguard Group Inc. now owns 13,350,245 shares of the semiconductor provider’s stock worth $2,916,895,000 after acquiring an additional 184,295 shares in the last quarter. Wellington Management Group LLP increased its stake in 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 purchasing an additional 1,330,474 shares in the last quarter. State Street Corp raised its holdings in shares of NXP Semiconductors by 0.7% during the second quarter. State Street Corp now owns 10,934,800 shares of the semiconductor provider’s stock valued at $2,399,555,000 after purchasing an additional 71,892 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of NXP Semiconductors by 1.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,237,369 shares of the semiconductor provider’s stock worth $1,799,783,000 after purchasing an additional 103,319 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of NXP Semiconductors by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,571,644 shares of the semiconductor provider’s stock worth $1,212,425,000 after purchasing an additional 204,547 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity

In other news, insider Julie Southern acquired 225 shares of NXP Semiconductors stock in a transaction on Wednesday, December 3rd. The stock was acquired at an average cost of $225.48 per share, with a total value of $50,733.00. Following the transaction, the insider owned 11,937 shares of the company’s stock, valued at approximately $2,691,554.76. This trade represents a 1.92% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Wuamett sold 8,372 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the completion of the sale, the executive vice president owned 19,175 shares of the company’s stock, valued at approximately $3,969,416.75. This trade represents a 30.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 11,672 shares of company stock worth $2,474,089. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $280.00 target price on shares of NXP Semiconductors in a research report on Tuesday, October 28th. TD Cowen reduced their price objective 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. Truist Financial boosted their price objective on NXP Semiconductors from $252.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Sanford C. Bernstein set a $220.00 target price on NXP Semiconductors and gave the stock a “market perform” rating in a research report on Wednesday, October 29th. Finally, Stifel Nicolaus set a $215.00 price target on shares of NXP Semiconductors in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $252.47.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $229.01 on Tuesday. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $255.45. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average price of $210.59 and a 200-day moving average price of $216.78. The company has a market cap of $57.63 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 3.39 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.01). The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.15 billion. NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.45 EPS. Equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio is presently 50.25%.

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.