Russell Investments Group Ltd. Sells 29,655 Shares of NXP Semiconductors (NASDAQ:NXPI)

Russell Investments Group Ltd. cut its stake in NXP Semiconductors (NASDAQ:NXPI) by 10.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 262,446 shares of the semiconductor provider’s stock after selling 29,655 shares during the period. Russell Investments Group Ltd. owned 0.10% of NXP Semiconductors worth $64,984,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its position in NXP Semiconductors by 2.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 10,482 shares of the semiconductor provider’s stock valued at $2,106,000 after buying an additional 220 shares in the last quarter. Montecito Bank & Trust bought a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $285,000. Pure Financial Advisors LLC bought a new stake in NXP Semiconductors during the fourth quarter valued at approximately $460,000. Signature Wealth Management Group bought a new stake in NXP Semiconductors during the fourth quarter valued at about $1,413,000. Finally, Central Bank & Trust Co. boosted its stake in shares of NXP Semiconductors by 1.2% in the fourth quarter. Central Bank & Trust Co. now owns 4,533 shares of the semiconductor provider’s stock worth $1,041,000 after acquiring an additional 55 shares during the period. 90.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NXPI shares. Needham & Company LLC raised their target price on shares of NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Truist Financial boosted their target price on NXP Semiconductors from $265.00 to $291.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company lifted their price objective on NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Evercore ISI raised their target price on shares of NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $275.04.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the transaction, the chief executive officer now owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.11% of the stock is currently owned by insiders.

NXP Semiconductors Stock Up 2.8 %

Shares of NASDAQ NXPI traded up $8.01 during mid-day trading on Tuesday, reaching $290.78. 1,243,308 shares of the company were exchanged, compared to its average volume of 2,133,301. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $291.47. The firm has a 50-day moving average of $271.76 and a 200 day moving average of $246.89. The stock has a market cap of $74.35 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 2.62 and a beta of 1.49. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. On average, research analysts expect that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.39%. NXP Semiconductors’s payout ratio is 37.49%.

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.