Envestnet Portfolio Solutions Inc. lowered its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 9.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,991 shares of the semiconductor provider’s stock after selling 537 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in NXP Semiconductors were worth $1,090,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Hemington Wealth Management lifted its holdings in shares of NXP Semiconductors by 50.0% during the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 59 shares during the period. Brown Lisle Cummings Inc. lifted its holdings in shares of NXP Semiconductors by 121.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 84 shares during the period. Valley National Advisers Inc. lifted its holdings in shares of NXP Semiconductors by 118.9% during the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock worth $43,000 after acquiring an additional 126 shares during the period. Hilltop National Bank bought a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $44,000. Finally, Rossby Financial LCC bought a new stake in shares of NXP Semiconductors during the 1st quarter worth approximately $46,000. Institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Price Performance
NXPI stock opened at $214.35 on Friday. The company has a 50 day simple moving average of $225.49 and a 200 day simple moving average of $210.89. The stock has a market cap of $54.04 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 2.43 and a beta of 1.44. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $256.62. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20.
NXP Semiconductors Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, September 17th. NXP Semiconductors’s dividend payout ratio is 48.39%.
Insider Buying and Selling at NXP Semiconductors
In other NXP Semiconductors news, President Rafael Sotomayor sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total value of $439,140.00. Following the completion of the transaction, the president directly owned 4,958 shares in the company, valued at approximately $1,088,628.06. This represents a 28.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William Betz sold 6,785 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the transaction, the chief financial officer owned 1,520 shares of the company’s stock, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,785 shares of company stock worth $2,197,852. 0.12% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of NXP Semiconductors from $205.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Barclays upped their price target on shares of NXP Semiconductors from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. KGI Securities raised shares of NXP Semiconductors to a “strong-buy” rating in a report on Wednesday, July 23rd. Wells Fargo & Company upped their price target on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $257.06.
Check Out Our Latest Stock Report on NXP Semiconductors
NXP Semiconductors Company 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.
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