Bleakley Financial Group LLC Sells 75 Shares of NXP Semiconductors (NASDAQ:NXPI)

Bleakley Financial Group LLC decreased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.1% in the third quarter, Holdings Channel reports. The firm owned 1,745 shares of the semiconductor provider’s stock after selling 75 shares during the quarter. Bleakley Financial Group LLC’s holdings in NXP Semiconductors were worth $419,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in NXPI. Global Retirement Partners LLC lifted its position in shares of NXP Semiconductors by 5.9% during the 3rd quarter. Global Retirement Partners LLC now owns 2,083 shares of the semiconductor provider’s stock worth $500,000 after buying an additional 116 shares during the period. Tamar Securities LLC acquired a new position in NXP Semiconductors during the third quarter worth $374,000. Vontobel Holding Ltd. raised its stake in NXP Semiconductors by 2.8% during the third quarter. Vontobel Holding Ltd. now owns 272,412 shares of the semiconductor provider’s stock worth $65,382,000 after acquiring an additional 7,387 shares in the last quarter. Opal Wealth Advisors LLC lifted its holdings in shares of NXP Semiconductors by 11.9% during the third quarter. Opal Wealth Advisors LLC now owns 1,437 shares of the semiconductor provider’s stock valued at $345,000 after acquiring an additional 153 shares during the period. Finally, Foster Victor Wealth Advisors LLC boosted its stake in shares of NXP Semiconductors by 4.2% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 41,227 shares of the semiconductor provider’s stock valued at $9,825,000 after purchasing an additional 1,677 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NXPI shares. TD Cowen dropped their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Needham & Company LLC raised their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Morgan Stanley reduced their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Oppenheimer raised their price target on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Finally, 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, October 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.90.

NXP Semiconductors Stock Up 0.6 %

Shares of NASDAQ NXPI opened at $231.52 on Wednesday. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The firm’s 50-day moving average is $239.03 and its 200-day moving average is $252.88. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $58.98 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 2.53 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.04 EPS. Equities analysts expect that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors 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 dividend on an annualized basis and a dividend yield of 1.75%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.94%.

Insider Activity at NXP Semiconductors

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

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.