DekaBank Deutsche Girozentrale Has $30.14 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

DekaBank Deutsche Girozentrale decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 17.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,581 shares of the semiconductor provider’s stock after selling 26,027 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NXP Semiconductors were worth $30,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in NXP Semiconductors by 29.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock worth $28,846,000 after acquiring an additional 28,758 shares during the last quarter. Principal Financial Group Inc. increased its stake in NXP Semiconductors by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider’s stock valued at $75,827,000 after acquiring an additional 3,262 shares during the period. Stratos Wealth Partners LTD. increased its stake in NXP Semiconductors by 27.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock valued at $1,100,000 after acquiring an additional 1,019 shares during the period. Zhang Financial LLC increased its stake in NXP Semiconductors by 55.7% in the first quarter. Zhang Financial LLC now owns 3,943 shares of the semiconductor provider’s stock valued at $977,000 after acquiring an additional 1,411 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in NXP Semiconductors by 33.4% in the fourth quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock valued at $31,320,000 after acquiring an additional 34,131 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 2.4 %

NASDAQ NXPI traded down $5.87 during trading hours on Friday, hitting $237.75. The company’s stock had a trading volume of 4,567,156 shares, compared to its average volume of 2,667,396. The stock has a fifty day moving average of $269.97 and a 200 day moving average of $251.36. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The firm has a market capitalization of $60.56 billion, a P/E ratio of 21.95, a PEG ratio of 2.63 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.38. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.04 earnings per share. Equities research analysts forecast that NXP Semiconductors will post 12 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were issued a $1.014 dividend. The ex-dividend date was Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.71%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Insiders Place Their Bets

In other news, insider Julie Southern bought 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction on Monday, June 10th. The shares were 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 owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Julie Southern acquired 146 shares of the stock in a transaction dated Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Citigroup upped their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. Needham & Company LLC upped their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Barclays upped their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Finally, Jefferies Financial Group started coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They set a “buy” rating and a $325.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $294.89.

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.