J. Safra Sarasin Holding AG Sells 3,694 Shares of NXP Semiconductors N.V. $NXPI

J. Safra Sarasin Holding AG lessened its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 67,189 shares of the semiconductor provider’s stock after selling 3,694 shares during the period. J. Safra Sarasin Holding AG’s holdings in NXP Semiconductors were worth $14,584,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. JPL Wealth Management LLC bought a new position in shares of NXP Semiconductors during the third quarter worth $26,000. CNB Bank bought a new stake in shares of NXP Semiconductors in the 3rd quarter valued at $28,000. Wexford Capital LP acquired a new stake in NXP Semiconductors during the 3rd quarter worth $31,000. Kelleher Financial Advisors acquired a new stake in NXP Semiconductors during the 3rd quarter worth $31,000. Finally, Delos Wealth Advisors LLC bought a new position in NXP Semiconductors during the second quarter worth about $35,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $187.39 on Tuesday. The company has a fifty day moving average price of $219.14 and a 200 day moving average price of $218.81. The firm has a market cap of $47.35 billion, a PE ratio of 23.60, a PEG ratio of 0.86 and a beta of 1.45. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $256.36.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.04. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.30 billion. NXP Semiconductors had a return on equity of 26.72% and a net margin of 16.47%.The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $3.18 EPS. Research analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 25th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 51.13%.

Insider Activity at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the sale, the executive vice president owned 9,942 shares of the company’s stock, valued at $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jennifer Wuamett sold 12,425 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the transaction, the executive vice president owned 11,811 shares of the company’s stock, valued at $2,609,522.34. The trade was a 51.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NXPI shares. Wells Fargo & Company boosted their target price on NXP Semiconductors from $260.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Evercore dropped their price target on NXP Semiconductors from $292.00 to $260.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Morgan Stanley reiterated an “overweight” rating on shares of NXP Semiconductors in a research report on Friday, January 16th. Sanford C. Bernstein reissued a “market perform” rating and set a $240.00 target price on shares of NXP Semiconductors in a research note on Wednesday, February 4th. Finally, KeyCorp raised their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $253.67.

NXP Semiconductors Company Profile

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.