Crux Wealth Advisors Cuts Stock Position in NXP Semiconductors N.V. $NXPI

Crux Wealth Advisors lessened its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 44.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 967 shares of the semiconductor provider’s stock after selling 786 shares during the quarter. Crux Wealth Advisors’ holdings in NXP Semiconductors were worth $211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. Hemington Wealth Management increased its holdings in NXP Semiconductors by 50.0% in 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 in the last quarter. Brown Lisle Cummings Inc. grew its holdings in shares of NXP Semiconductors by 121.7% during the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 84 shares in the last quarter. Valley National Advisers Inc. grew its holdings in shares of NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock worth $43,000 after buying an additional 126 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of NXP Semiconductors during the second quarter worth $44,000. Finally, Rossby Financial LCC purchased a new stake in shares of NXP Semiconductors during the first quarter worth $46,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. Susquehanna upped their target price on shares of NXP Semiconductors from $195.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. The Goldman Sachs Group initiated coverage on shares of NXP Semiconductors in a report on Thursday, July 10th. They set a “buy” rating and a $276.00 target price for the company. JPMorgan Chase & Co. upped their target price 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. KeyCorp boosted their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Finally, Citigroup upped their price objective on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a “buy” rating in a report on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average price target of $257.06.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $216.21, for a total value of $216,210.00. Following the transaction, the executive vice president owned 6,828 shares of the company’s stock, valued at $1,476,281.88. This represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO William Betz sold 6,785 shares of the company’s stock in a transaction dated 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 directly owned 1,520 shares in the company, valued at $345,556.80. The trade was a 81.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,785 shares of company stock valued at $2,197,852 over the last 90 days. 0.12% of the stock is owned by insiders.

NXP Semiconductors Trading Down 1.4%

Shares of NXPI opened at $214.35 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $256.62. The firm has a 50-day moving average price of $225.49 and a 200 day moving average price of $211.16. The firm has a market capitalization of $54.04 billion, a P/E ratio of 25.55, a P/E/G ratio of 2.43 and a beta of 1.44.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the company posted $3.20 earnings per share. NXP Semiconductors’s revenue for the quarter was down 6.4% compared to the same quarter last year. Sell-side analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a yield of 1.9%. NXP Semiconductors’s dividend payout ratio is presently 48.39%.

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.