Prime Capital Investment Advisors LLC lessened its stake in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 26.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 919 shares of the semiconductor provider’s stock after selling 328 shares during the period. Prime Capital Investment Advisors LLC’s holdings in NXP Semiconductors were worth $201,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of NXPI. Capital Advisors Inc. OK acquired a new stake in NXP Semiconductors during the 2nd quarter worth $1,747,000. Comprehensive Financial Consultants Institutional Inc. grew its holdings in NXP Semiconductors by 8.3% during the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 10,880 shares of the semiconductor provider’s stock worth $2,377,000 after acquiring an additional 830 shares during the period. Confluence Wealth Services Inc. grew its holdings in NXP Semiconductors by 7.8% during the 2nd quarter. Confluence Wealth Services Inc. now owns 4,259 shares of the semiconductor provider’s stock worth $931,000 after acquiring an additional 308 shares during the period. Vantage Investment Partners LLC grew its holdings in NXP Semiconductors by 5.2% during the 2nd quarter. Vantage Investment Partners LLC now owns 34,193 shares of the semiconductor provider’s stock worth $7,471,000 after acquiring an additional 1,675 shares during the period. Finally, OLD National Bancorp IN acquired a new stake in NXP Semiconductors during the 2nd quarter worth $426,000. Institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Price Performance
Shares of NXPI stock opened at $205.37 on Monday. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $256.62. The firm has a market capitalization of $51.78 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 2.33 and a beta of 1.44. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average of $224.64 and a 200-day moving average of $210.14.
NXP Semiconductors Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Wednesday, September 17th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, September 17th. NXP Semiconductors’s payout ratio is currently 48.39%.
Insider Activity at NXP Semiconductors
In related news, CFO William Betz sold 6,785 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the sale, the chief financial officer directly owned 1,520 shares of the company’s stock, valued at approximately $345,556.80. The trade was a 81.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the completion of the sale, the executive vice president directly owned 6,828 shares in the company, valued at $1,476,281.88. This represents a 12.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,785 shares of company stock valued at $2,197,852. 0.12% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Barclays lifted their target price 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. Needham & Company LLC lifted their target price on shares of NXP Semiconductors from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, July 22nd. KeyCorp lifted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Finally, TD Cowen lowered their target price on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $257.06.
Check Out Our Latest Report on NXPI
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.
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