NXP Semiconductors N.V. $NXPI Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 4.4% in the second quarter, Holdings Channel reports. The institutional investor owned 714,080 shares of the semiconductor provider’s stock after selling 33,203 shares during the period. Brown Advisory Inc.’s holdings in NXP Semiconductors were worth $156,019,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Shelton Capital Management raised its holdings in NXP Semiconductors by 16.1% in the 2nd quarter. Shelton Capital Management now owns 83,378 shares of the semiconductor provider’s stock worth $18,217,000 after purchasing an additional 11,577 shares during the period. Vantage Investment Partners LLC raised its stake in shares of NXP Semiconductors by 5.2% during the 2nd quarter. Vantage Investment Partners LLC now owns 34,193 shares of the semiconductor provider’s stock worth $7,471,000 after buying an additional 1,675 shares during the period. Alberta Investment Management Corp purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $3,540,000. CCLA Investment Management grew its stake in NXP Semiconductors by 6.5% in the 2nd quarter. CCLA Investment Management now owns 545,580 shares of the semiconductor provider’s stock valued at $119,121,000 after acquiring an additional 33,112 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its holdings in NXP Semiconductors by 13.6% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 58,645 shares of the semiconductor provider’s stock worth $12,813,000 after acquiring an additional 7,034 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on NXPI. Sanford C. Bernstein set a $220.00 price objective on shares of NXP Semiconductors and gave the company a “market perform” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a report on Wednesday, October 8th. Evercore ISI boosted their price objective on NXP Semiconductors from $289.00 to $292.00 in a research note on Wednesday, October 29th. JPMorgan Chase & Co. raised their target price on NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Truist Financial boosted their price target on NXP Semiconductors from $252.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $252.47.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 8,372 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total value of $1,733,087.72. Following the completion of the sale, the executive vice president owned 19,175 shares of the company’s stock, valued at $3,969,416.75. This represents a 30.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the firm’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 transaction of $216,210.00. Following the sale, the executive vice president owned 6,828 shares of the company’s stock, valued at $1,476,281.88. This represents a 12.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.12% of the company’s stock.

NXP Semiconductors Trading Down 0.6%

NXPI opened at $226.16 on Friday. The firm has a market capitalization of $56.92 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 3.38 and a beta of 1.46. The company’s 50 day simple moving average is $210.50 and its two-hundred day simple moving average is $216.31. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $255.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the company earned $3.45 earnings per share. NXP Semiconductors’s revenue for the quarter was down 2.4% on a year-over-year basis. Analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is presently 50.25%.

About NXP Semiconductors

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.