Bokf Na Reduces Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Bokf Na reduced its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.5% during the first quarter, HoldingsChannel.com reports. The institutional investor 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.

Other institutional investors also recently modified their holdings of the company. Lincoln National Corp increased its holdings in NXP Semiconductors by 1.9% during the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock worth $568,000 after acquiring an additional 46 shares during the period. Peterson Wealth Services increased its holdings in NXP Semiconductors by 3.1% during the 1st quarter. Peterson Wealth Services now owns 1,520 shares of the semiconductor provider’s stock worth $377,000 after acquiring an additional 46 shares during the period. RFG Advisory LLC increased its holdings in shares of NXP Semiconductors by 1.6% in the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock worth $740,000 after buying an additional 47 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in shares of NXP Semiconductors by 4.5% in the 1st quarter. CreativeOne Wealth LLC now owns 1,103 shares of the semiconductor provider’s stock worth $274,000 after buying an additional 47 shares during the last quarter. Finally, FinTrust Capital Advisors LLC increased its holdings in shares of NXP Semiconductors by 75.4% in the 4th 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 last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NXP Semiconductors

In other news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction dated 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 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 available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 23rd. The Goldman Sachs Group increased their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their target price on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Oppenheimer increased their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Trading Up 2.7 %

NXPI traded up $6.90 during trading on Monday, hitting $260.52. 289,934 shares of the stock traded hands, compared to its average volume of 2,211,814. The firm has a 50-day moving average of $272.46 and a 200 day moving average of $250.22. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The firm has a market capitalization of $66.36 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 2.74 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the company posted $3.04 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts anticipate that NXP Semiconductors will post 12 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were given a $1.014 dividend. The ex-dividend date was Thursday, June 13th. This represents a $4.06 annualized dividend and a dividend yield of 1.56%. NXP Semiconductors’s dividend payout ratio is 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.