NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Brown Advisory Securities LLC

Brown Advisory Securities LLC cut its holdings in NXP Semiconductors (NASDAQ:NXPIGet Rating) by 55.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,592 shares of the semiconductor provider’s stock after selling 1,966 shares during the period. Brown Advisory Securities LLC’s holdings in NXP Semiconductors were worth $296,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Riverview Trust Co acquired a new position in NXP Semiconductors during the 1st quarter valued at about $26,000. Toth Financial Advisory Corp boosted its stake in NXP Semiconductors by 265.1% during the 1st quarter. Toth Financial Advisory Corp now owns 157 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 114 shares during the period. Steward Financial Group LLC acquired a new position in NXP Semiconductors during the 1st quarter valued at about $30,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in shares of NXP Semiconductors during the 1st quarter worth about $31,000. Finally, Sierra Capital LLC raised its position in shares of NXP Semiconductors by 94.6% during the 4th quarter. Sierra Capital LLC now owns 179 shares of the semiconductor provider’s stock worth $41,000 after buying an additional 87 shares in the last quarter. 89.03% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $181.66 on Friday. The company’s 50 day moving average price is $168.25 and its 200 day moving average price is $178.96. NXP Semiconductors has a 52 week low of $140.33 and a 52 week high of $239.91. The company has a market capitalization of $47.70 billion, a PE ratio of 19.83, a PEG ratio of 0.66 and a beta of 1.48. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.65 and a current ratio of 2.15.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last announced its quarterly earnings data on Monday, July 25th. The semiconductor provider reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $0.50. NXP Semiconductors had a net margin of 19.83% and a return on equity of 49.45%. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. The firm’s revenue was up 27.3% on a year-over-year basis. Research analysts expect that NXP Semiconductors will post 12.72 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 15th were given a $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 1.86%. The ex-dividend date was Tuesday, June 14th. NXP Semiconductors’s dividend payout ratio is 36.90%.

Analysts Set New Price Targets

A number of research firms have commented on NXPI. Piper Sandler dropped their price target on shares of NXP Semiconductors from $210.00 to $175.00 in a research report on Tuesday, May 3rd. Cowen boosted their price target on shares of NXP Semiconductors from $190.00 to $200.00 in a research report on Wednesday, July 27th. Barclays dropped their price target on shares of NXP Semiconductors from $220.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 21st. Morgan Stanley boosted their target price on shares of NXP Semiconductors from $180.00 to $183.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 27th. Finally, Citigroup downgraded shares of NXP Semiconductors from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $240.00 to $190.00 in a report on Tuesday, April 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $204.95.

NXP Semiconductors Profile

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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.

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

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