NXP Semiconductors N.V. $NXPI Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 33.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 150,517 shares of the semiconductor provider’s stock after selling 74,219 shares during the quarter. Handelsbanken Fonder AB owned about 0.06% of NXP Semiconductors worth $42,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allied Private Wealth LLC acquired a new position in NXP Semiconductors in the second quarter valued at about $28,000. JPL Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the third quarter valued at about $26,000. SHP Wealth Management acquired a new stake in shares of NXP Semiconductors during the fourth quarter valued at about $27,000. Acumen Wealth Advisors LLC purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $28,000. Finally, Jessup Wealth Management Inc purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $29,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NXPI opened at $236.38 on Wednesday. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm’s 50 day moving average price is $277.87 and its 200 day moving average price is $252.68. The company has a market cap of $59.61 billion, a P/E ratio of 20.17, a PEG ratio of 0.79 and a beta of 1.81. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.72 EPS. On average, research analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 34.64%.

Insiders Place Their Bets

In related news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen cut shares of NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Barclays boosted their target price on NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating and set a $300.00 price target on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Oppenheimer lifted their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $305.43.

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.