Foster & Motley Inc. Sells 1,087 Shares of NXP Semiconductors N.V. $NXPI

Foster & Motley Inc. cut its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 35.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,968 shares of the semiconductor provider’s stock after selling 1,087 shares during the period. Foster & Motley Inc.’s holdings in NXP Semiconductors were worth $430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fox Run Management L.L.C. increased its position in shares of NXP Semiconductors by 3.3% during the first quarter. Fox Run Management L.L.C. now owns 1,669 shares of the semiconductor provider’s stock valued at $317,000 after buying an additional 54 shares during the period. AlphaCore Capital LLC increased its position in shares of NXP Semiconductors by 3.5% in the first quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider’s stock worth $312,000 after purchasing an additional 55 shares during the last quarter. TFB Advisors LLC increased its position in shares of NXP Semiconductors by 4.9% in the first quarter. TFB Advisors LLC now owns 1,203 shares of the semiconductor provider’s stock worth $229,000 after purchasing an additional 56 shares during the last quarter. Manchester Capital Management LLC increased its position in shares of NXP Semiconductors by 14.7% in the first quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider’s stock worth $85,000 after purchasing an additional 57 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of NXP Semiconductors by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider’s stock worth $4,145,000 after purchasing an additional 58 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NXPI shares. Susquehanna upped their price objective on shares of NXP Semiconductors from $195.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group started coverage on shares of NXP Semiconductors in a research report on Thursday, July 10th. They issued a “buy” rating and a $276.00 price objective on the stock. KeyCorp upped their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Needham & Company LLC upped their price objective on shares of NXP Semiconductors from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company upped their price objective on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $257.06.

Insider Activity

In other news, President Rafael Sotomayor sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total transaction of $439,140.00. Following the completion of the sale, the president owned 4,958 shares of the company’s stock, valued at approximately $1,088,628.06. This represents a 28.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $216.21, for a total value of $216,210.00. Following the sale, the executive vice president directly owned 6,828 shares of the company’s stock, valued at approximately $1,476,281.88. This trade represents a 12.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,785 shares of company stock valued at $2,197,852. 0.12% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Down 1.4%

Shares of NXPI opened at $214.35 on Monday. The firm has a market cap of $54.04 billion, a P/E ratio of 25.55, a P/E/G ratio of 2.43 and a beta of 1.44. The stock has a 50 day simple moving average of $225.49 and a two-hundred day simple moving average of $211.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $256.62.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%.NXP Semiconductors’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.20 earnings per share. On average, analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, September 17th. NXP Semiconductors’s dividend payout ratio is 48.39%.

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.