NXP Semiconductors N.V. $NXPI Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,184 shares of the semiconductor provider’s stock after selling 235 shares during the quarter. Securian Asset Management Inc.’s holdings in NXP Semiconductors were worth $2,881,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NXPI. Brighton Jones LLC increased its stake in NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock valued at $265,000 after purchasing an additional 218 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of NXP Semiconductors by 41.2% in the 1st quarter. GAMMA Investing LLC now owns 3,072 shares of the semiconductor provider’s stock valued at $584,000 after acquiring an additional 896 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of NXP Semiconductors by 5.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 103,851 shares of the semiconductor provider’s stock valued at $19,738,000 after acquiring an additional 5,293 shares during the last quarter. Berry Wealth Group LP boosted its holdings in shares of NXP Semiconductors by 7.7% in the 1st quarter. Berry Wealth Group LP now owns 1,758 shares of the semiconductor provider’s stock valued at $334,000 after acquiring an additional 126 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of NXP Semiconductors by 34.4% in the 1st quarter. Spire Wealth Management now owns 1,267 shares of the semiconductor provider’s stock valued at $241,000 after acquiring an additional 324 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity

In other news, CFO William Betz sold 6,785 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the completion of the sale, the chief financial officer directly owned 1,520 shares in the company, valued at $345,556.80. This represents a 81.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Rafael Sotomayor sold 2,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total transaction 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. This trade represents a 28.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,785 shares of company stock worth $2,197,852 over the last three months. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of NXP Semiconductors from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. KGI Securities raised shares of NXP Semiconductors to a “strong-buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on shares of NXP Semiconductors from $205.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Citigroup increased their price target on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Finally, Truist Financial upped their price objective on shares of NXP Semiconductors from $230.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.06.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $222.34 on Wednesday. The firm has a 50-day simple moving average of $225.83 and a 200-day simple moving average of $211.65. The stock has a market capitalization of $56.06 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 2.49 and a beta of 1.44. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. 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 issued its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company’s quarterly revenue 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 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, September 17th. NXP Semiconductors’s dividend payout ratio is 48.39%.

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.