Raymond James Financial Services Advisors Inc. Sells 24,629 Shares of NXP Semiconductors (NASDAQ:NXPI)

Raymond James Financial Services Advisors Inc. lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 561,766 shares of the semiconductor provider’s stock after selling 24,629 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.22% of NXP Semiconductors worth $139,189,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Future Financial Wealth Managment LLC acquired a new stake in NXP Semiconductors in the 1st quarter worth about $25,000. FinTrust Capital Advisors LLC raised its position in shares of NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $26,000. Valley National Advisers Inc. boosted its stake in shares of NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after buying an additional 68 shares during the period. Finally, BluePath Capital Management LLC acquired a new stake in NXP Semiconductors during the third quarter worth approximately $28,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 3.7 %

Shares of NASDAQ NXPI traded up $9.06 during trading on Tuesday, reaching $256.19. The company had a trading volume of 4,799,059 shares, compared to its average volume of 2,386,966. The stock has a market cap of $65.61 billion, a P/E ratio of 23.92, a PEG ratio of 0.92 and a beta of 1.59. The company’s fifty day moving average price is $242.00 and its 200-day moving average price is $220.72. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. NXP Semiconductors has a 12 month low of $161.23 and a 12 month high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating the consensus estimate of $3.33 by $0.04. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, research analysts expect that NXP Semiconductors will post 12.21 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.58%. NXP Semiconductors’s payout ratio is 37.91%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NXPI. Evercore ISI began coverage on NXP Semiconductors in a report on Tuesday, April 16th. They set an “outperform” rating and a $300.00 target price on the stock. TD Cowen raised their target price on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, March 12th. Morgan Stanley upped their price target on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $290.00 price objective on shares of NXP Semiconductors in a research note on Tuesday. Finally, Mizuho upped their target price on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $242.29.

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.