Atria Wealth Solutions Inc. Reduces Position in NXP Semiconductors N.V. $NXPI

Atria Wealth Solutions Inc. lessened its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 80.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,210 shares of the semiconductor provider’s stock after selling 5,077 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in NXP Semiconductors were worth $265,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Hemington Wealth Management lifted its stake in NXP Semiconductors by 50.0% in the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 59 shares during the period. Brown Lisle Cummings Inc. lifted its position in NXP Semiconductors by 121.7% during the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 84 shares during the period. Valley National Advisers Inc. lifted its position in NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock valued at $43,000 after buying an additional 126 shares during the period. Hilltop National Bank purchased a new position in NXP Semiconductors during the second quarter valued at $44,000. Finally, Rossby Financial LCC bought a new position in shares of NXP Semiconductors during the first quarter valued at $46,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NXPI. KGI Securities upgraded NXP Semiconductors to a “strong-buy” rating in a report on Wednesday, July 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, July 22nd. Wells Fargo & Company lifted their price objective on NXP Semiconductors from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. The Goldman Sachs Group began coverage on NXP Semiconductors in a research report on Thursday, July 10th. They issued a “buy” rating and a $276.00 target price on the stock. Finally, Truist Financial raised their target price on NXP Semiconductors from $230.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.06.

NXP Semiconductors Stock Up 1.1%

NASDAQ NXPI opened at $222.34 on Wednesday. The stock’s 50 day moving average is $225.83 and its 200 day moving average is $211.65. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $256.62. The stock has a market cap of $56.06 billion, a PE ratio of 26.50, a P/E/G ratio of 2.49 and a beta of 1.44.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%.The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the firm earned $3.20 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. Research analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s payout ratio is presently 48.39%.

Insiders Place Their Bets

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

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.