NXP Semiconductors N.V. $NXPI Shares Sold by CCLA Investment Management

CCLA Investment Management cut its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 600,380 shares of the semiconductor provider’s stock after selling 8,258 shares during the quarter. NXP Semiconductors makes up approximately 2.1% of CCLA Investment Management’s investment portfolio, making the stock its 20th largest position. CCLA Investment Management owned approximately 0.24% of NXP Semiconductors worth $130,210,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NXPI. Wellington Management Group LLP raised its stake in NXP Semiconductors by 11.9% in the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock valued at $2,865,690,000 after purchasing an additional 1,333,920 shares during the last quarter. State Street Corp raised its holdings in NXP Semiconductors by 0.5% in the 3rd quarter. State Street Corp now owns 10,988,061 shares of the semiconductor provider’s stock valued at $2,512,283,000 after acquiring an additional 53,261 shares during the last quarter. Invesco Ltd. raised its holdings in NXP Semiconductors by 3.2% in the 3rd quarter. Invesco Ltd. now owns 4,755,687 shares of the semiconductor provider’s stock valued at $1,083,013,000 after acquiring an additional 147,192 shares during the last quarter. Van ECK Associates Corp raised its holdings in NXP Semiconductors by 2.6% in the 3rd quarter. Van ECK Associates Corp now owns 3,832,309 shares of the semiconductor provider’s stock valued at $872,731,000 after acquiring an additional 96,427 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in NXP Semiconductors by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,567,140 shares of the semiconductor provider’s stock valued at $779,330,000 after acquiring an additional 162,553 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the sale, the executive vice president owned 9,942 shares in the company, valued at $1,934,514.36. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $204.27 on Thursday. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. The firm has a fifty day moving average price of $214.01 and a 200 day moving average price of $217.61. The company has a market cap of $51.62 billion, a P/E ratio of 25.73, a PEG ratio of 0.87 and a beta of 1.46. NXP Semiconductors N.V. has a 12 month low of $152.21 and a 12 month high of $256.36.

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

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 25th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $4.06 annualized dividend and a dividend yield of 2.0%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 51.13%.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of recent research reports. Bank of America cut their target price on NXP Semiconductors from $265.00 to $245.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Citigroup cut their price target on shares of NXP Semiconductors from $285.00 to $255.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Truist Financial cut their price target on shares of NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Wells Fargo & Company raised their price target on shares of NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NXP Semiconductors in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.67.

About NXP Semiconductors

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.