Allspring Global Investments Holdings LLC Decreases Stake in NXP Semiconductors N.V. $NXPI

Allspring Global Investments Holdings LLC cut its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 20.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 232,909 shares of the semiconductor provider’s stock after selling 60,438 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.09% of NXP Semiconductors worth $51,538,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Rovin Capital UT ADV boosted its position in shares of NXP Semiconductors by 1.5% during the 3rd quarter. Rovin Capital UT ADV now owns 3,573 shares of the semiconductor provider’s stock valued at $814,000 after acquiring an additional 52 shares during the last quarter. IHT Wealth Management LLC increased its position in NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after purchasing an additional 52 shares during the last quarter. Invera Wealth Advisors LLC raised its stake in NXP Semiconductors by 0.9% during the third quarter. Invera Wealth Advisors LLC now owns 6,104 shares of the semiconductor provider’s stock valued at $1,390,000 after purchasing an additional 56 shares in the last quarter. Avidian Wealth Enterprises LLC raised its stake in NXP Semiconductors by 1.9% during the third quarter. Avidian Wealth Enterprises LLC now owns 3,008 shares of the semiconductor provider’s stock valued at $685,000 after purchasing an additional 56 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in NXP Semiconductors by 0.5% during the third quarter. Inspire Investing LLC now owns 10,993 shares of the semiconductor provider’s stock valued at $2,503,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of recent research reports. Barclays reissued an “overweight” rating and issued a $255.00 price objective on shares of NXP Semiconductors in a research note on Thursday, January 15th. Truist Financial dropped their price target on NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price objective on NXP Semiconductors from $245.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a research note on Thursday, January 22nd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of NXP Semiconductors in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $253.67.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the completion of the sale, the executive vice president directly owned 11,811 shares in the company, valued at approximately $2,609,522.34. This trade represents a 51.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the sale, the executive vice president directly owned 9,942 shares of the company’s stock, valued at $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by company insiders.

NXP Semiconductors Price Performance

NXPI stock opened at $195.58 on Thursday. The stock has a market cap of $49.42 billion, a PE ratio of 24.63, a P/E/G ratio of 0.88 and a beta of 1.46. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $256.36. The company has a 50-day moving average price of $217.70 and a 200 day moving average price of $218.50. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.04. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.30 billion. During the same period in the prior year, the company posted $3.18 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is presently 51.13%.

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.