NXP Semiconductors N.V. $NXPI Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. decreased its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 5.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,173 shares of the semiconductor provider’s stock after selling 2,941 shares during the quarter. Telos Capital Management Inc.’s holdings in NXP Semiconductors were worth $9,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NXPI. JPL Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter worth approximately $26,000. SHP Wealth Management purchased a new stake in NXP Semiconductors in the fourth quarter valued at approximately $27,000. Acumen Wealth Advisors LLC acquired a new position in NXP Semiconductors during the fourth quarter worth approximately $28,000. Jessup Wealth Management Inc acquired a new position in NXP Semiconductors during the fourth quarter worth approximately $29,000. Finally, Quattro Advisors LLC purchased a new position in NXP Semiconductors during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NXPI shares. KeyCorp lifted their price target on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Needham & Company LLC upped their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Oppenheimer increased their target price on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Bank of America reiterated a “neutral” rating and issued a $230.00 target price (down from $245.00) on shares of NXP Semiconductors in a report on Monday, April 13th. Finally, Raymond James Financial boosted their price target on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $295.92.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $323.24 on Tuesday. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The firm has a fifty day moving average of $284.18 and a 200-day moving average of $243.35. The firm has a market capitalization of $81.61 billion, a P/E ratio of 30.93, a PEG ratio of 1.13 and a beta of 1.77. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00.

NXP Semiconductors (NASDAQ:NXPI) last posted its 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. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the business posted $2.64 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, analysts predict that NXP Semiconductors N.V. will post 13.4 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 24th. NXP Semiconductors’s payout ratio is currently 38.85%.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the sale, the executive vice president owned 2,020 shares in the company, valued at approximately $474,700. The trade was a 72.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,611 shares of company stock valued at $3,182,068 over the last quarter. Company insiders own 0.05% of the company’s stock.

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.