DekaBank Deutsche Girozentrale Sells 9,780 Shares of NXP Semiconductors N.V. $NXPI

DekaBank Deutsche Girozentrale trimmed its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 8.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,801 shares of the semiconductor provider’s stock after selling 9,780 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NXP Semiconductors were worth $24,564,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Fox Run Management L.L.C. lifted its holdings in shares of NXP Semiconductors by 3.3% in the first quarter. Fox Run Management L.L.C. now owns 1,669 shares of the semiconductor provider’s stock valued at $317,000 after purchasing an additional 54 shares in the last quarter. AlphaCore Capital LLC increased its position in shares of NXP Semiconductors by 3.5% in the first quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider’s stock valued at $312,000 after acquiring an additional 55 shares during the last quarter. TFB Advisors LLC increased its position in shares of NXP Semiconductors by 4.9% in the first quarter. TFB Advisors LLC now owns 1,203 shares of the semiconductor provider’s stock valued at $229,000 after acquiring an additional 56 shares during the last quarter. Manchester Capital Management LLC increased its position in shares of NXP Semiconductors by 14.7% in the first quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider’s stock valued at $85,000 after acquiring an additional 57 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of NXP Semiconductors by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider’s stock valued at $4,145,000 after acquiring an additional 58 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $217.16 on Thursday. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $256.62. The company has a market cap of $54.75 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 2.52 and a beta of 1.44. The business’s 50 day moving average price is $225.56 and its two-hundred day moving average price is $211.69. 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 (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%.The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the company posted $3.20 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. On average, analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, September 17th. NXP Semiconductors’s payout ratio is currently 48.39%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a research report on Wednesday, October 8th. Needham & Company LLC lifted their target price on NXP Semiconductors from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $205.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Citigroup boosted their price target on NXP Semiconductors from $210.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $257.06.

Insider Transactions at NXP Semiconductors

In other news, CFO William Betz sold 6,785 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the sale, the chief financial officer owned 1,520 shares in the company, valued at $345,556.80. The trade was a 81.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $216.21, for a total value of $216,210.00. Following the sale, the executive vice president owned 6,828 shares of the company’s stock, valued at approximately $1,476,281.88. This represents a 12.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,785 shares of company stock worth $2,197,852 over the last quarter. Company insiders own 0.12% of the company’s stock.

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.