BNP PARIBAS ASSET MANAGEMENT Holding S.A. Lowers Holdings in NXP Semiconductors (NASDAQ:NXPI)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its position in NXP Semiconductors (NASDAQ:NXPI) by 37.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 341,309 shares of the semiconductor provider’s stock after selling 206,210 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in NXP Semiconductors were worth $84,566,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Bleakley Financial Group LLC lifted its holdings in shares of NXP Semiconductors by 9.1% in the 1st quarter. Bleakley Financial Group LLC now owns 1,830 shares of the semiconductor provider’s stock worth $453,000 after buying an additional 152 shares during the period. ProShare Advisors LLC lifted its stake in shares of NXP Semiconductors by 20.2% during the 1st quarter. ProShare Advisors LLC now owns 325,599 shares of the semiconductor provider’s stock worth $80,674,000 after purchasing an additional 54,742 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of NXP Semiconductors by 8.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 9,819 shares of the semiconductor provider’s stock worth $2,433,000 after purchasing an additional 748 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of NXP Semiconductors by 34.1% during the 1st quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider’s stock worth $425,000 after purchasing an additional 436 shares during the last quarter. Finally, Inspire Advisors LLC lifted its stake in shares of NXP Semiconductors by 2.8% during the 1st quarter. Inspire Advisors LLC now owns 2,645 shares of the semiconductor provider’s stock worth $655,000 after purchasing an additional 71 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group upped their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Morgan Stanley upped their price objective on NXP Semiconductors from $247.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Jefferies Financial Group assumed coverage on NXP Semiconductors in a research note on Monday, May 13th. They set a “buy” rating and a $325.00 price objective for the company. Evercore ISI upped their price objective on NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Argus upped their target price on NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $275.04.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded down $14.49 during mid-day trading on Wednesday, reaching $276.29. The stock had a trading volume of 4,527,126 shares, compared to its average volume of 2,150,573. The business’s fifty day moving average is $272.73 and its 200-day moving average is $247.53. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. The firm has a market cap of $70.64 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.64 and a beta of 1.49. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08.

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

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were paid a $1.014 dividend. 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 1.47%. NXP Semiconductors’s payout ratio is 37.40%.

Insider Transactions at NXP Semiconductors

In other news, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the sale, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Company 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.