Buckley Wealth Management LLC Sells 76 Shares of NXP Semiconductors (NASDAQ:NXPI)

Buckley Wealth Management LLC reduced its stake in NXP Semiconductors (NASDAQ:NXPI) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,295 shares of the semiconductor provider’s stock after selling 76 shares during the period. Buckley Wealth Management LLC’s holdings in NXP Semiconductors were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NXPI. Future Financial Wealth Managment LLC bought a new stake in NXP Semiconductors during the 1st quarter worth approximately $25,000. Operose Advisors LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at $26,000. FinTrust Capital Advisors LLC boosted its position in shares of NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares during the last quarter. Valley National Advisers Inc. boosted its position in shares of NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares during the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in NXP Semiconductors during the fourth quarter worth about $33,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Up 1.5 %

NASDAQ NXPI traded up $4.03 on Friday, reaching $269.04. The company had a trading volume of 1,003,522 shares, compared to its average volume of 2,189,906. The firm has a market cap of $68.79 billion, a price-to-earnings ratio of 24.47, a P/E/G ratio of 2.51 and a beta of 1.50. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $286.87. The business has a 50 day moving average of $262.91 and a two-hundred day moving average of $242.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. Analysts forecast that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be given a dividend of $1.014 per share. The ex-dividend date is Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a yield of 1.51%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.49%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Truist Financial lifted their price target on NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Wells Fargo & Company lifted their target price on NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Oppenheimer boosted their price target on NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Cantor Fitzgerald boosted their price target on NXP Semiconductors from $290.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Finally, TD Cowen boosted their price target on NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $267.80.

Insider Transactions at NXP Semiconductors

In other news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the transaction, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

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.