Petros Family Wealth LLC trimmed its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 11.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,457 shares of the semiconductor provider’s stock after selling 196 shares during the period. Petros Family Wealth LLC’s holdings in NXP Semiconductors were worth $318,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hemington Wealth Management increased its holdings in NXP Semiconductors by 50.0% during the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 59 shares during the last quarter. Brown Lisle Cummings Inc. increased 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 worth $33,000 after purchasing an additional 84 shares in the last quarter. Valley National Advisers Inc. increased its stake in shares of NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 126 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of NXP Semiconductors in the second quarter worth $44,000. Finally, Rossby Financial LCC purchased a new stake in shares of NXP Semiconductors in the first quarter worth $46,000. 90.54% of the stock is owned by hedge funds and other institutional investors.
NXP Semiconductors Stock Performance
Shares of NASDAQ NXPI opened at $228.89 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 company has a 50 day simple moving average of $224.57 and a two-hundred day simple moving average of $209.62. The stock has a market cap of $57.71 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 2.59 and a beta of 1.44.
NXP Semiconductors Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th will be given a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio is presently 48.27%.
Insiders Place Their Bets
In other NXP Semiconductors news, President Rafael Sotomayor sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total transaction of $439,140.00. Following the sale, the president directly owned 4,958 shares in the company, valued at $1,088,628.06. This represents a 28.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William Betz sold 6,785 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the sale, the chief financial officer owned 1,520 shares in the company, valued at $345,556.80. The trade was a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,785 shares of company stock worth $2,197,852 over the last three months. Company insiders own 0.12% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of NXP Semiconductors in a research note on Thursday, July 10th. They issued a “buy” rating and a $276.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Stifel Nicolaus upped their target price on shares of NXP Semiconductors from $170.00 to $210.00 and gave the stock a “hold” rating in a research report on Friday, July 18th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, July 22nd. Finally, KGI Securities upgraded shares of NXP Semiconductors to a “strong-buy” rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.05.
Read Our Latest 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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