Icon Wealth Advisors LLC Reduces Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Icon Wealth Advisors LLC trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 23.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,490 shares of the semiconductor provider’s stock after selling 1,092 shares during the period. Icon Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $838,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Family Firm Inc. acquired a new stake in NXP Semiconductors in the 2nd quarter valued at about $27,000. Addison Advisors LLC grew its position in shares of NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares during the last quarter. Valley National Advisers Inc. increased its stake in shares of NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of NXP Semiconductors by 615.0% during the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after purchasing an additional 123 shares during the last quarter. Finally, Valley Wealth Managers Inc. purchased a new stake in NXP Semiconductors in the 2nd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 1.3 %

Shares of NXP Semiconductors stock opened at $229.37 on Friday. NXP Semiconductors has a twelve month low of $201.58 and a twelve month high of $296.08. The stock has a market cap of $58.30 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 4.57 and a beta of 1.49. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The company has a fifty day moving average price of $233.14 and a 200 day moving average price of $250.40.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.31 earnings per share. Equities research analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.77%. NXP Semiconductors’s payout ratio is currently 38.65%.

Insider Activity

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value 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. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Loop Capital assumed coverage on NXP Semiconductors in a research report on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective on the stock. Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Susquehanna lowered their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Citic Securities initiated coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price objective on the stock. Finally, Barclays lowered their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.14.

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.