NXP Semiconductors N.V. $NXPI Shares Sold by Lido Advisors LLC

Lido Advisors LLC cut its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 50.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 15,771 shares of the semiconductor provider’s stock after selling 15,780 shares during the quarter. Lido Advisors LLC’s holdings in NXP Semiconductors were worth $3,110,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of NXP Semiconductors during the 4th quarter valued at approximately $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NXP Semiconductors by 34,719.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock worth $581,807,000 after purchasing an additional 2,672,697 shares during the last quarter. Invesco Ltd. grew its holdings in shares of NXP Semiconductors by 17.2% during the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after buying an additional 818,985 shares in the last quarter. Amundi grew its holdings in shares of NXP Semiconductors by 46.6% during the fourth quarter. Amundi now owns 2,203,488 shares of the semiconductor provider’s stock worth $478,270,000 after buying an additional 700,753 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its position in shares of NXP Semiconductors by 56.3% in the second quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock valued at $418,828,000 after buying an additional 690,277 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $269.24 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The firm has a market capitalization of $67.98 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.12 and a beta of 1.79. The company’s 50-day moving average is $295.88 and its two-hundred day moving average is $252.36. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.64 EPS. Analysts forecast that NXP Semiconductors N.V. will post 13.46 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is presently 38.85%.

Insider Buying and Selling at NXP Semiconductors

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

Wall Street Analysts Forecast Growth

NXPI has been the subject of several research reports. Citigroup reaffirmed a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Susquehanna upped their price target on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Truist Financial lifted their price objective on NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, TD Cowen boosted their price objective on NXP Semiconductors from $310.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $307.73.

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.