NXP Semiconductors N.V. $NXPI Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 10.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,876 shares of the semiconductor provider’s stock after selling 2,282 shares during the period. Sanctuary Advisors LLC’s holdings in NXP Semiconductors were worth $3,716,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of NXPI. JPL Wealth Management LLC acquired a new position in NXP Semiconductors in the 3rd quarter valued at about $26,000. SHP Wealth Management purchased a new stake in NXP Semiconductors during the fourth quarter worth about $27,000. Acumen Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth about $28,000. Jessup Wealth Management Inc acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth about $29,000. Finally, Quattro Advisors LLC purchased a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $30,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NXPI shares. Needham & Company LLC upped their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised their price target on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Oppenheimer boosted their price target on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Citigroup reaffirmed a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Finally, Raymond James Financial increased their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $307.27.

Insider Activity at NXP Semiconductors

In other news, 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 transaction of $1,070,921.28. Following the completion of the transaction, the executive vice president directly owned 5,389 shares of the company’s stock, valued at approximately $1,261,187.67. This represents a 45.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,611 shares of company stock valued at $3,182,068 over the last quarter. 0.05% of the stock is owned by insiders.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $266.53 on Monday. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a 50 day moving average of $298.25 and a 200 day moving average of $250.69. 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 has a market capitalization of $67.29 billion, a P/E ratio of 25.51, a P/E/G ratio of 0.96 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data 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 company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.64 EPS. As a group, research analysts forecast that NXP Semiconductors N.V. will post 13.49 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is 38.85%.

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.