Focus Partners Wealth Sells 56,116 Shares of NXP Semiconductors (NASDAQ:NXPI)

Focus Partners Wealth trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 51.8% during the 4th quarter, Holdings Channel reports. The fund owned 52,127 shares of the semiconductor provider’s stock after selling 56,116 shares during the period. Focus Partners Wealth’s holdings in NXP Semiconductors were worth $11,413,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Merit Financial Group LLC purchased a new position in NXP Semiconductors during the fourth quarter valued at approximately $360,000. Strategic Financial Concepts LLC purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at $46,000. Austin Private Wealth LLC raised its position in shares of NXP Semiconductors by 140.6% in the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after acquiring an additional 1,869 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of NXP Semiconductors by 2.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider’s stock worth $21,068,000 after purchasing an additional 2,609 shares during the last quarter. Finally, Czech National Bank boosted its position in NXP Semiconductors by 6.2% during the fourth quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider’s stock valued at $11,454,000 after purchasing an additional 3,216 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXPI opened at $207.03 on Tuesday. The firm has a fifty day moving average price of $188.67 and a 200 day moving average price of $209.23. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08. The stock has a market cap of $52.30 billion, a P/E ratio of 21.28, a P/E/G ratio of 3.01 and a beta of 1.38. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company posted $3.24 EPS. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. Equities research analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 44.12%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Cowen boosted their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Arete Research upgraded NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Susquehanna decreased their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $250.37.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

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.