NXP Semiconductors N.V. $NXPI Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,184 shares of the semiconductor provider’s stock after selling 235 shares during the quarter. Securian Asset Management Inc.’s holdings in NXP Semiconductors were worth $2,881,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NXPI. Wellington Management Group LLP boosted its stake in NXP Semiconductors by 11.7% during the first quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock worth $2,419,662,000 after buying an additional 1,330,474 shares during the period. Nuveen LLC purchased a new position in NXP Semiconductors during the first quarter worth about $219,878,000. Price T Rowe Associates Inc. MD boosted its stake in NXP Semiconductors by 33.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider’s stock worth $635,310,000 after buying an additional 839,113 shares during the period. Ameriprise Financial Inc. boosted its stake in NXP Semiconductors by 20.0% during the first quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider’s stock worth $647,387,000 after buying an additional 567,831 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of NXP Semiconductors by 44.7% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,730,255 shares of the semiconductor provider’s stock valued at $328,852,000 after purchasing an additional 534,404 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of NXP Semiconductors in a research note on Thursday, July 10th. They issued a “buy” rating and a $276.00 price objective for the company. KGI Securities raised shares of NXP Semiconductors to a “strong-buy” rating in a research note on Wednesday, July 23rd. Truist Financial raised their price objective on shares of NXP Semiconductors from $230.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Citigroup raised their price objective on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $257.06.

NXP Semiconductors Stock Up 1.1%

Shares of NXP Semiconductors stock opened at $222.34 on Wednesday. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $256.62. The company has a 50 day moving average of $225.83 and a 200 day moving average of $211.65. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $56.06 billion, a P/E ratio of 26.50, a P/E/G ratio of 2.49 and a beta of 1.44.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results 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 net margin of 17.72% and a return on equity of 27.99%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm earned $3.20 earnings per share. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, research analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Wednesday, September 17th were paid a $1.014 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s payout ratio is currently 48.39%.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the completion of the sale, the executive vice president owned 6,828 shares in the company, valued at approximately $1,476,281.88. The trade was a 12.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Rafael Sotomayor sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the president owned 4,958 shares of the company’s stock, valued at $1,088,628.06. This represents a 28.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,785 shares of company stock worth $2,197,852. 0.12% of the stock is currently owned by insiders.

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.