Brown Advisory Inc. Reduces Holdings in NXP Semiconductors N.V. $NXPI

by · The Markets Daily

Brown Advisory Inc. trimmed its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 82.0% in the fourth quarter, HoldingsChannel reports. The firm owned 129,750 shares of the semiconductor provider’s stock after selling 592,185 shares during the period. Brown Advisory Inc.’s holdings in NXP Semiconductors were worth $28,163,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter worth approximately $26,000. Acumen Wealth Advisors LLC purchased a new stake in NXP Semiconductors in the 4th quarter worth approximately $28,000. Jessup Wealth Management Inc purchased a new stake in NXP Semiconductors in the 4th quarter worth approximately $29,000. Quattro Advisors LLC purchased a new stake in NXP Semiconductors in the 4th quarter worth approximately $30,000. Finally, Wexford Capital LP purchased a new stake in NXP Semiconductors in the 3rd quarter worth approximately $31,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $315.88 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $79.75 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 1.10 and a beta of 1.77. The firm’s fifty day simple moving average is $273.10 and its 200 day simple moving average is $239.45. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last posted its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.64 EPS. As a group, equities research analysts expect that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. NXP Semiconductors’s payout ratio is presently 38.85%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the sale, the executive vice president owned 2,020 shares of the company’s stock, valued at approximately $474,700. The trade was a 72.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,611 shares of company stock worth $2,866,498 in the last ninety days. 0.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

NXPI has been the subject of several recent analyst reports. Truist Financial lifted their target price on shares of NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Morgan Stanley lifted their price target on shares of NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Jefferies Financial Group lifted their price target on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Susquehanna lifted their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $295.92.

Check Out Our Latest Research Report on NXPI

NXP Semiconductors Company Profile

(Free Report)

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.

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