NXP Semiconductors N.V. $NXPI Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. reduced its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 5.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 48,173 shares of the semiconductor provider’s stock after selling 2,941 shares during the period. Telos Capital Management Inc.’s holdings in NXP Semiconductors were worth $9,483,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NXPI. Vanguard Group Inc. raised its position in shares of NXP Semiconductors by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock valued at $2,954,739,000 after purchasing an additional 293,558 shares in the last quarter. Wellington Management Group LLP grew its position in shares of NXP Semiconductors by 11.9% during the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after buying an additional 1,333,920 shares in the last quarter. State Street Corp increased its stake in shares of NXP Semiconductors by 0.5% in the fourth quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock worth $2,407,382,000 after buying an additional 55,098 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in NXP Semiconductors by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock valued at $1,703,865,000 after acquiring an additional 121,419 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in NXP Semiconductors by 17.2% in the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after acquiring an additional 818,985 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 5,389 shares in the company, valued at $1,261,187.67. The trade was a 45.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Up 3.2%

Shares of NASDAQ:NXPI opened at $323.24 on Tuesday. The stock has a market capitalization of $81.61 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 1.13 and a beta of 1.77. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company’s fifty day moving average is $284.18 and its two-hundred day moving average is $243.35. 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 (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the firm posted $2.64 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts anticipate that NXP Semiconductors N.V. will post 13.4 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th will be issued 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 1.3%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Loop Capital boosted their target price on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. BNP Paribas Exane lifted their price target on NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Truist Financial boosted their price objective on NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Citigroup upped their price objective on NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their target price on NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $295.92.

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.