Princeton Capital Management LLC Sells 4,461 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Princeton Capital Management LLC cut its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 24.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,924 shares of the semiconductor provider’s stock after selling 4,461 shares during the quarter. NXP Semiconductors comprises about 0.9% of Princeton Capital Management LLC’s holdings, making the stock its 19th largest position. Princeton Capital Management LLC’s holdings in NXP Semiconductors were worth $2,646,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC grew its position in NXP Semiconductors by 15.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider’s stock worth $1,004,000 after buying an additional 698 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of NXP Semiconductors in the 1st quarter worth about $320,000. Farther Finance Advisors LLC boosted its holdings in shares of NXP Semiconductors by 133.5% in the 1st quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider’s stock worth $409,000 after purchasing an additional 1,231 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of NXP Semiconductors by 14.5% in the 1st quarter. M&T Bank Corp now owns 7,436 shares of the semiconductor provider’s stock worth $1,413,000 after purchasing an additional 943 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of NXP Semiconductors by 18.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 12,653 shares of the semiconductor provider’s stock worth $2,418,000 after purchasing an additional 1,951 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on NXPI shares. Stifel Nicolaus upped their price target on NXP Semiconductors from $170.00 to $210.00 and gave the company a “hold” rating in a research report on Friday, July 18th. Citigroup upped their price target on NXP Semiconductors from $210.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday. Wells Fargo & Company increased their target price on NXP Semiconductors from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley set a $229.00 price target on NXP Semiconductors in a report on Monday, April 21st. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $256.05.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded down $2.18 during trading hours on Thursday, reaching $222.53. 428,166 shares of the company’s stock were exchanged, compared to its average volume of 3,046,905. The business’s 50-day simple moving average is $214.65 and its two-hundred day simple moving average is $206.37. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $264.54. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $56.22 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 2.84 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a return on equity of 27.72% and a net margin of 17.72%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.20 earnings per share. Sell-side analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.82%. NXP Semiconductors’s payout ratio is currently 48.27%.

Insider Activity

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 completion of the sale, the executive vice president owned 27,088 shares of the company’s stock, valued at $6,230,240. This represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

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.