NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Sold by Watchman Group Inc.

Watchman Group Inc. reduced its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 9.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,483 shares of the semiconductor provider’s stock after selling 1,460 shares during the period. Watchman Group Inc.’s holdings in NXP Semiconductors were worth $2,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of NXP Semiconductors by 1.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider’s stock worth $1,545,958,000 after acquiring an additional 87,820 shares during the period. Invesco Ltd. raised its holdings in shares of NXP Semiconductors by 8.2% in the 1st quarter. Invesco Ltd. now owns 4,693,126 shares of the semiconductor provider’s stock worth $891,975,000 after purchasing an additional 353,782 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of NXP Semiconductors by 10.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider’s stock worth $858,902,000 after purchasing an additional 432,838 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of NXP Semiconductors by 14.4% in the 4th quarter. Ameriprise Financial Inc. now owns 2,836,756 shares of the semiconductor provider’s stock worth $589,622,000 after purchasing an additional 357,309 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NXP Semiconductors by 16.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,671,388 shares of the semiconductor provider’s stock worth $555,248,000 after purchasing an additional 377,048 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the transaction, the executive vice president owned 27,088 shares in the company, valued at $6,230,240. This represents a 25.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Rafael Sotomayor sold 2,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total transaction of $439,140.00. Following the transaction, the president owned 4,958 shares in the company, valued at approximately $1,088,628.06. This trade represents a 28.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,917 shares of company stock worth $4,082,002 in the last 90 days. 0.12% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NXPI shares. Needham & Company LLC boosted their target price on shares of NXP Semiconductors from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Truist Financial boosted their target price on shares of NXP Semiconductors from $230.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Stifel Nicolaus boosted their target price on shares of NXP Semiconductors from $170.00 to $210.00 and gave the stock a “hold” rating in a report on Friday, July 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, July 22nd. Finally, KeyCorp boosted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.05.

NXP Semiconductors Stock Up 0.4%

NXP Semiconductors stock opened at $231.54 on Friday. The firm has a market cap of $58.38 billion, a PE ratio of 27.60, a P/E/G ratio of 2.61 and a beta of 1.41. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74. The firm’s 50 day moving average price is $219.75 and its two-hundred day moving average price is $206.85. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $259.74.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.20 EPS. On average, research analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio is 48.39%.

NXP Semiconductors 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.