NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Bokf Na

Bokf Na reduced its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,141 shares of the semiconductor provider’s stock after selling 290 shares during the quarter. Bokf Na’s holdings in NXP Semiconductors were worth $2,744,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC purchased a new stake in NXP Semiconductors during the first quarter valued at about $25,000. FinTrust Capital Advisors LLC boosted its position in shares of NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after buying an additional 49 shares during the period. LifeSteps Financial Inc. purchased a new position in NXP Semiconductors in the first quarter valued at about $30,000. Valley National Advisers Inc. boosted its holdings in NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares during the last quarter. Finally, Rise Advisors LLC purchased a new position in NXP Semiconductors in the first quarter valued at about $35,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $265.00 to $325.00 in a research note on Friday, May 24th. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. Truist Financial cut their price objective on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI increased their price target on NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group began coverage on NXP Semiconductors in a research report on Monday, May 13th. They set a “buy” rating and a $325.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $294.89.

Insider Transactions at NXP Semiconductors

In other news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Price Performance

NASDAQ NXPI traded up $6.90 on Monday, reaching $260.52. 289,934 shares of the stock traded hands, compared to its average volume of 2,211,814. The firm’s fifty day simple moving average is $272.46 and its 200 day simple moving average is $250.22. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The company has a market cap of $66.36 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 2.74 and a beta of 1.49. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the company posted $3.04 EPS. As a group, research analysts predict that NXP Semiconductors will post 12 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed 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. This represents a $4.06 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

About NXP Semiconductors

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.