Prossimo Advisors LLC Has $291,000 Stake in NXP Semiconductors N.V. $NXPI

Prossimo Advisors LLC reduced its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 38.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,332 shares of the semiconductor provider’s stock after selling 830 shares during the period. Prossimo Advisors LLC’s holdings in NXP Semiconductors were worth $291,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NXPI. Brown Lisle Cummings Inc. raised its stake in shares of NXP Semiconductors by 121.7% in the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 84 shares during the last quarter. Hemington Wealth Management boosted its stake in NXP Semiconductors by 50.0% in the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 59 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of NXP Semiconductors by 375.6% during the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 154 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of NXP Semiconductors in the second quarter valued at about $43,000. Finally, Hilltop National Bank acquired a new position in NXP Semiconductors during the 2nd quarter worth about $44,000. 90.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NXPI shares. Cantor Fitzgerald restated an “overweight” rating and issued a $280.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, October 28th. Sanford C. Bernstein set a $220.00 price objective on shares of NXP Semiconductors and gave the stock a “market perform” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price objective on NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Truist Financial boosted their target price on NXP Semiconductors from $252.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $252.47.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $216.21, for a total value of $216,210.00. Following the completion of the transaction, the executive vice president directly owned 6,828 shares of the company’s stock, valued at approximately $1,476,281.88. This represents a 12.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Wuamett sold 8,372 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $207.01, for a total value of $1,733,087.72. Following the transaction, the executive vice president owned 19,175 shares of the company’s stock, valued at approximately $3,969,416.75. The trade was a 30.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by corporate insiders.

NXP Semiconductors Stock Performance

NXPI stock opened at $194.35 on Monday. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $255.45. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.09. The firm has a market cap of $48.91 billion, a PE ratio of 24.05, a P/E/G ratio of 2.53 and a beta of 1.47. The business’s 50-day moving average price is $211.24 and its two-hundred day moving average price is $216.22.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the company earned $3.45 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. As a group, research analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a yield of 2.1%. NXP Semiconductors’s payout ratio is presently 50.12%.

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.