NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Financial Advisory Partners LLC

Financial Advisory Partners LLC cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,042 shares of the semiconductor provider’s stock after selling 417 shares during the period. NXP Semiconductors makes up 1.3% of Financial Advisory Partners LLC’s investment portfolio, making the stock its 28th biggest holding. Financial Advisory Partners LLC’s holdings in NXP Semiconductors were worth $3,850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NXPI. Future Financial Wealth Managment LLC purchased a new stake in shares of NXP Semiconductors during the first quarter worth approximately $25,000. Family Firm Inc. purchased a new position in NXP Semiconductors during the 2nd quarter worth $27,000. Addison Advisors LLC lifted its stake in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 74 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 52 shares in the last quarter. Finally, Rise Advisors LLC purchased a new stake in shares of NXP Semiconductors in the first quarter valued at about $35,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Julie Southern bought 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the purchase, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors Stock Down 1.1 %

Shares of NXPI stock traded down $2.66 during mid-day trading on Thursday, reaching $235.65. 388,166 shares of the company were exchanged, compared to its average volume of 2,268,037. The company has a market capitalization of $60.25 billion, a P/E ratio of 22.00, a P/E/G ratio of 2.51 and a beta of 1.49. The business’s 50 day simple moving average is $239.98 and its 200 day simple moving average is $253.35. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the company posted $3.04 earnings per share. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Research analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.72%. NXP Semiconductors’s payout ratio is 37.40%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NXPI shares. TD Cowen lowered their price objective on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Cantor Fitzgerald cut their price objective on NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price target for the stock from $275.00 to $285.00 in a research note on Monday. Oppenheimer boosted their price objective on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Finally, StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $291.47.

NXP Semiconductors Company 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.