Foster & Motley Inc. Sells 1,087 Shares of NXP Semiconductors N.V. $NXPI

Foster & Motley Inc. lessened its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 35.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,968 shares of the semiconductor provider’s stock after selling 1,087 shares during the quarter. Foster & Motley Inc.’s holdings in NXP Semiconductors were worth $430,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXPI. Vantage Investment Partners LLC boosted 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 last quarter. Integrated Wealth Concepts LLC boosted its holdings in NXP Semiconductors by 15.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 9,336 shares of the semiconductor provider’s stock worth $1,774,000 after acquiring an additional 1,274 shares during the last quarter. Generate Investment Management Ltd purchased a new position in NXP Semiconductors during the 2nd quarter worth $8,737,000. Avior Wealth Management LLC boosted its holdings in NXP Semiconductors by 956.1% during the 2nd quarter. Avior Wealth Management LLC now owns 1,563 shares of the semiconductor provider’s stock worth $342,000 after acquiring an additional 1,415 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in NXP Semiconductors by 4.1% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 382,731 shares of the semiconductor provider’s stock worth $83,623,000 after acquiring an additional 14,926 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In related news, CFO William Betz sold 6,785 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was 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 in the company, valued at approximately $345,556.80. The trade was a 81.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president owned 6,828 shares in the company, valued at approximately $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 three months, insiders have sold 9,785 shares of company stock worth $2,197,852. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of NXP Semiconductors from $230.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a report on Wednesday, October 8th. Stifel Nicolaus boosted their price target on shares of NXP Semiconductors from $170.00 to $210.00 and gave the stock a “hold” rating in a report on Friday, July 18th. TD Cowen cut their price target on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 22nd. Two equities 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $257.06.

NXP Semiconductors Trading Down 1.4%

Shares of NXP Semiconductors stock opened at $214.35 on Monday. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $256.62. The stock’s 50-day simple moving average is $225.49 and its 200 day simple moving average is $211.16. The stock 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. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74.

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

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Wednesday, September 17th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, September 17th. NXP Semiconductors’s payout ratio is currently 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.