NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Transform Wealth LLC

Transform Wealth LLC lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 96.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,190 shares of the semiconductor provider’s stock after selling 32,802 shares during the quarter. Transform Wealth LLC’s holdings in NXP Semiconductors were worth $297,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NXPI. Norges Bank acquired a new stake in NXP Semiconductors during the fourth quarter worth about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in NXP Semiconductors by 893.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after purchasing an additional 2,097,727 shares during the period. Public Employees Retirement Association of Colorado bought a new position in NXP Semiconductors during the 4th quarter worth $164,044,000. Kodai Capital Management LP acquired a new stake in NXP Semiconductors in the fourth quarter worth $125,319,000. Finally, International Assets Investment Management LLC lifted its stake in NXP Semiconductors by 21,013.6% in the fourth quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock valued at $118,325,000 after buying an additional 512,732 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NASDAQ NXPI traded down $3.16 on Thursday, hitting $265.01. 1,489,080 shares of the company were exchanged, compared to its average volume of 2,199,386. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. The company has a market cap of $67.76 billion, a P/E ratio of 24.47, a P/E/G ratio of 2.52 and a beta of 1.50. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $286.87. The firm has a 50 day moving average of $262.91 and a two-hundred day moving average of $242.57.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. On average, equities analysts predict that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.53%. NXP Semiconductors’s payout ratio is currently 37.49%.

Insider Activity

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 177,889 shares in the company, valued at approximately $49,052,891.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Cantor Fitzgerald increased their price objective on shares of NXP Semiconductors from $290.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. UBS Group boosted their price objective on NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Needham & Company LLC raised their target price on NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Jefferies Financial Group began coverage on NXP Semiconductors in a research note on Monday, May 13th. They set a “buy” rating and a $325.00 target price on the stock. Finally, Oppenheimer increased their price target on NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $267.80.

NXP Semiconductors Profile

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.