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

J. Safra Sarasin Holding AG trimmed its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JPL Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the third quarter worth $26,000. CNB Bank acquired a new stake in shares of NXP Semiconductors in the third quarter valued at $28,000. Wexford Capital LP bought a new position in shares of NXP Semiconductors in the third quarter valued at about $31,000. Kelleher Financial Advisors bought a new position in shares of NXP Semiconductors in the third quarter valued at about $31,000. Finally, Delos Wealth Advisors LLC acquired a new position in NXP Semiconductors during the 2nd quarter worth about $35,000. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NXPI. Mizuho lowered their price objective on shares of NXP Semiconductors from $285.00 to $255.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. KeyCorp upped their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Bank of America decreased their price target on shares of NXP Semiconductors from $265.00 to $245.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Cantor Fitzgerald reissued an “overweight” rating on shares of NXP Semiconductors in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NXP Semiconductors from $245.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $253.67.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $187.39 on Tuesday. The firm has a market cap of $47.35 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 0.86 and a beta of 1.45. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $256.36. The company has a quick ratio of 1.38, a current ratio of 2.05 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average price of $219.14 and a 200 day moving average price of $218.81.

NXP Semiconductors (NASDAQ:NXPI) last issued its 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 company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.30 billion. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.18 EPS. Research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $1.014 per share. 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 payout ratio is currently 51.13%.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 12,425 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the completion of the sale, the executive vice president owned 11,811 shares in the company, valued at approximately $2,609,522.34. This represents a 51.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the transaction, the executive vice president directly owned 9,942 shares in the company, valued at $1,934,514.36. The trade was a 9.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.12% 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.