IFP Advisors Inc lowered its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,646 shares of the semiconductor provider’s stock after selling 72 shares during the period. IFP Advisors Inc’s holdings in NXP Semiconductors were worth $797,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Hemington Wealth Management grew its stake in NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 59 shares in the last quarter. Brown Lisle Cummings Inc. grew its stake in NXP Semiconductors by 121.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 84 shares in the last quarter. Valley National Advisers Inc. grew its stake in NXP Semiconductors by 118.9% in the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock worth $43,000 after buying an additional 126 shares in the last quarter. Hilltop National Bank purchased a new position in NXP Semiconductors in the 2nd quarter worth approximately $44,000. Finally, Rossby Financial LCC purchased a new position in NXP Semiconductors in the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Trading Up 5.5%
NASDAQ:NXPI opened at $216.70 on Tuesday. The company has a fifty day moving average of $224.74 and a 200 day moving average of $210.33. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $256.62. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $54.63 billion, a P/E ratio of 25.83, a P/E/G ratio of 2.33 and a beta of 1.44.
NXP Semiconductors Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Wednesday, September 17th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, September 17th. NXP Semiconductors’s dividend payout ratio is currently 48.39%.
Insider Activity at NXP Semiconductors
In related news, CFO William Betz sold 6,785 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the sale, the chief financial officer directly owned 1,520 shares in the company, valued at $345,556.80. This represents a 81.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the sale, the executive vice president owned 6,828 shares of the company’s stock, valued at $1,476,281.88. This represents a 12.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,785 shares of company stock worth $2,197,852 in the last three months. 0.12% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research firms have commented on NXPI. KGI Securities raised shares of NXP Semiconductors to a “strong-buy” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group began coverage on shares of NXP Semiconductors in a research note on Thursday, July 10th. They issued a “buy” rating and a $276.00 price target for the company. TD Cowen lowered their price objective on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a report on Friday. Stifel Nicolaus boosted their price objective on shares of NXP Semiconductors from $170.00 to $210.00 and gave the stock a “hold” rating in a report on Friday, July 18th. Finally, KeyCorp boosted their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $257.06.
View Our Latest Research Report on NXP Semiconductors
About NXP Semiconductors
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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