Williams Jones Wealth Management LLC. Reduces Holdings in NXP Semiconductors (NASDAQ:NXPI)

Williams Jones Wealth Management LLC. trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,907 shares of the semiconductor provider’s stock after selling 491 shares during the period. Williams Jones Wealth Management LLC.’s holdings in NXP Semiconductors were worth $3,446,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Inspire Advisors LLC boosted its position in NXP Semiconductors by 2.8% during the first quarter. Inspire Advisors LLC now owns 2,645 shares of the semiconductor provider’s stock worth $655,000 after acquiring an additional 71 shares during the last quarter. Meeder Advisory Services Inc. lifted its holdings in shares of NXP Semiconductors by 19.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,675 shares of the semiconductor provider’s stock valued at $911,000 after acquiring an additional 586 shares in the last quarter. Quantum Private Wealth LLC lifted its holdings in shares of NXP Semiconductors by 1.0% during the 1st quarter. Quantum Private Wealth LLC now owns 5,113 shares of the semiconductor provider’s stock valued at $1,267,000 after acquiring an additional 52 shares in the last quarter. Stonebrook Private Inc. lifted its holdings in shares of NXP Semiconductors by 8.0% during the 1st quarter. Stonebrook Private Inc. now owns 3,335 shares of the semiconductor provider’s stock valued at $826,000 after acquiring an additional 246 shares in the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in shares of NXP Semiconductors during the 1st quarter valued at $237,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI traded up $5.19 during midday trading on Tuesday, reaching $287.96. 578,902 shares of the stock were exchanged, compared to its average volume of 2,127,089. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $288.52. The company has a market cap of $73.63 billion, a P/E ratio of 26.46, a PEG ratio of 2.62 and a beta of 1.49. The stock’s 50 day simple moving average is $271.76 and its 200 day simple moving average is $246.89.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. On average, sell-side analysts expect that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s payout ratio is 37.49%.

Analyst Upgrades and Downgrades

NXPI has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Citigroup lifted their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Jefferies Financial Group began coverage on shares of NXP Semiconductors in a report on Monday, May 13th. They issued a “buy” rating and a $325.00 target price on the stock. Finally, Evercore ISI upped their price target on shares of NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.04.

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.