Hsbc Holdings PLC Has $26.38 Million Stake in NXP Semiconductors N.V. $NXPI

Hsbc Holdings PLC lowered its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 42.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,633 shares of the semiconductor provider’s stock after selling 88,335 shares during the period. Hsbc Holdings PLC’s holdings in NXP Semiconductors were worth $26,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NXPI. MCF Advisors LLC increased its stake in shares of NXP Semiconductors by 25.3% in the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock valued at $46,000 after acquiring an additional 43 shares during the last quarter. Aptus Capital Advisors LLC boosted its stake in NXP Semiconductors by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock worth $752,000 after acquiring an additional 43 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in NXP Semiconductors by 0.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock worth $1,829,000 after acquiring an additional 50 shares during the last quarter. IHT Wealth Management LLC grew its holdings in NXP Semiconductors by 4.6% during the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after purchasing an additional 52 shares during the period. Finally, Equitable Holdings Inc. grew its holdings in NXP Semiconductors by 1.4% during the fourth quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock valued at $828,000 after purchasing an additional 54 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the sale, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the transaction, the executive vice president directly owned 5,389 shares of the company’s stock, valued at $1,261,187.67. This represents a 45.92% 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. In the last ninety days, insiders sold 12,611 shares of company stock valued at $3,182,068. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $293.43 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company’s 50 day moving average price is $287.80 and its two-hundred day moving average price is $244.33. The company has a market capitalization of $74.08 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.08 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the company earned $2.64 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts expect that NXP Semiconductors N.V. will post 13.4 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.4%. NXP Semiconductors’s dividend payout ratio is presently 38.85%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NXPI shares. Citigroup increased their target price on shares of NXP Semiconductors from $270.00 to $370.00 and gave the stock a “buy” rating in a report on Tuesday. Loop Capital boosted their price target on shares of NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Bank of America restated a “neutral” rating and issued a $230.00 price objective (down from $245.00) on shares of NXP Semiconductors in a research report on Monday, April 13th. Stifel Nicolaus raised their price objective on NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Finally, Susquehanna lifted their target price on NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $300.08.

NXP Semiconductors 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.