Goldman Sachs Group Inc. Sells 1,502,072 Shares of NXP Semiconductors (NASDAQ:NXPI)

Goldman Sachs Group Inc. reduced its stake in NXP Semiconductors (NASDAQ:NXPI) by 33.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,005,237 shares of the semiconductor provider’s stock after selling 1,502,072 shares during the period. Goldman Sachs Group Inc. owned approximately 1.09% of NXP Semiconductors worth $605,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of NXPI. Cardinal Capital Management lifted its holdings in NXP Semiconductors by 0.6% during the 1st quarter. Cardinal Capital Management now owns 8,882 shares of the semiconductor provider’s stock valued at $1,788,000 after purchasing an additional 55 shares during the last quarter. Kistler Tiffany Companies LLC increased its holdings in shares of NXP Semiconductors by 7.6% during the first quarter. Kistler Tiffany Companies LLC now owns 806 shares of the semiconductor provider’s stock worth $162,000 after buying an additional 57 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of NXP Semiconductors by 24.5% in the first quarter. Arkadios Wealth Advisors now owns 295 shares of the semiconductor provider’s stock valued at $59,000 after acquiring an additional 58 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of NXP Semiconductors by 2.7% in the 1st quarter. Keybank National Association OH now owns 2,541 shares of the semiconductor provider’s stock worth $512,000 after acquiring an additional 68 shares in the last quarter. Finally, NEXT Financial Group Inc grew its position in NXP Semiconductors by 2.5% during the 4th quarter. NEXT Financial Group Inc now owns 2,858 shares of the semiconductor provider’s stock worth $456,000 after acquiring an additional 71 shares during the last quarter. 90.21% of the stock is owned by institutional investors and hedge funds.

NASDAQ:NXPI traded down $0.41 during trading hours on Friday, hitting $200.64. The stock had a trading volume of 48,340 shares, compared to its average volume of 3,533,864. The firm has a 50 day moving average price of $200.34. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.31 and a current ratio of 1.78. The stock has a market cap of $55.33 billion, a P/E ratio of 135.49, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43. NXP Semiconductors has a one year low of $102.36 and a one year high of $216.43.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Sunday, April 25th. The semiconductor provider reported $2.20 EPS for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.01). The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.56 billion. NXP Semiconductors had a net margin of 4.65% and a return on equity of 19.69%. During the same quarter in the prior year, the company earned ($0.08) EPS. NXP Semiconductors’s quarterly revenue was up 28.6% on a year-over-year basis. As a group, sell-side analysts expect that NXP Semiconductors will post 8.34 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 6th. Stockholders of record on Tuesday, June 15th will be given a dividend of $0.563 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Monday, June 14th. NXP Semiconductors’s dividend payout ratio is currently 33.19%.

A number of equities analysts have commented on the company. Morgan Stanley reissued an “equal weight” rating and issued a $213.00 price objective (up previously from $190.00) on shares of NXP Semiconductors in a research note on Wednesday, April 14th. Stifel Nicolaus increased their price objective on shares of NXP Semiconductors from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, April 15th. Raymond James boosted their target price on shares of NXP Semiconductors from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Oppenheimer increased their price target on shares of NXP Semiconductors from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NXP Semiconductors from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, April 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $205.96.

In related news, CFO Peter Kelly sold 24,162 shares of the company’s stock in a transaction on Monday, May 24th. The shares were sold at an average price of $205.37, for a total value of $4,962,149.94. Following the completion of the transaction, the chief financial officer now directly owns 115,340 shares of the company’s stock, valued at approximately $23,687,375.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Reed David sold 3,725 shares of the stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $204.67, for a total value of $762,395.75. Following the transaction, the executive vice president now owns 2,545 shares of the company’s stock, valued at approximately $520,885.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,920 shares of company stock valued at $14,442,911. 0.32% of the stock is owned by company insiders.

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 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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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