Symmetry Partners LLC Sells 219 Shares of NXP Semiconductors (NASDAQ:NXPI)

Symmetry Partners LLC decreased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,695 shares of the semiconductor provider’s stock after selling 219 shares during the period. Symmetry Partners LLC’s holdings in NXP Semiconductors were worth $725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NXPI. Ballentine Partners LLC acquired a new position in NXP Semiconductors during the 4th quarter worth about $208,000. Allworth Financial LP lifted its stake in shares of NXP Semiconductors by 13.0% in the 4th quarter. Allworth Financial LP now owns 1,465 shares of the semiconductor provider’s stock valued at $336,000 after purchasing an additional 168 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of NXP Semiconductors by 27.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock valued at $1,100,000 after purchasing an additional 1,019 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of NXP Semiconductors by 46.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,166 shares of the semiconductor provider’s stock valued at $2,335,000 after purchasing an additional 3,203 shares during the period. Finally, Meeder Advisory Services Inc. lifted its stake in shares of NXP Semiconductors by 6.3% in the 4th quarter. Meeder Advisory Services Inc. now owns 3,089 shares of the semiconductor provider’s stock valued at $710,000 after purchasing an additional 184 shares during the period. Institutional investors own 90.54% of the company’s stock.

Insiders Place Their Bets

In other news, insider Julie Southern acquired 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Julie Southern acquired 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction on Monday, June 10th. The shares were 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 owns 177,889 shares in the company, valued at $49,052,891.75. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Argus boosted their price objective on NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. UBS Group boosted their price objective on NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price objective on shares of NXP Semiconductors in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average price target of $294.89.

NXP Semiconductors Stock Down 1.1 %

Shares of NXPI traded down $2.78 on Friday, reaching $242.46. The stock had a trading volume of 488,803 shares, compared to its average volume of 2,261,058. The firm has a market capitalization of $61.99 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The company has a 50-day simple moving average of $266.86 and a 200-day simple moving average of $251.77. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.04 EPS. Sell-side analysts predict that NXP Semiconductors will post 12 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s payout ratio is 37.40%.

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.