Atria Wealth Solutions Inc. Sells 5,077 Shares of NXP Semiconductors N.V. $NXPI

Atria Wealth Solutions Inc. lessened its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 80.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,210 shares of the semiconductor provider’s stock after selling 5,077 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in NXP Semiconductors were worth $265,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NXPI. Wellington Management Group LLP raised its holdings in NXP Semiconductors by 11.7% during the 1st quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock worth $2,419,662,000 after purchasing an additional 1,330,474 shares during the last quarter. Nuveen LLC bought a new stake in NXP Semiconductors during the 1st quarter valued at $219,878,000. Price T Rowe Associates Inc. MD increased its stake in NXP Semiconductors by 33.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider’s stock valued at $635,310,000 after purchasing an additional 839,113 shares in the last quarter. Ameriprise Financial Inc. increased its stake in NXP Semiconductors by 20.0% during the 1st quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider’s stock valued at $647,387,000 after purchasing an additional 567,831 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in NXP Semiconductors by 44.7% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,730,255 shares of the semiconductor provider’s stock valued at $328,852,000 after purchasing an additional 534,404 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In related news, President Rafael Sotomayor sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total value of $439,140.00. Following the transaction, the president directly owned 4,958 shares in the company, valued at approximately $1,088,628.06. This represents a 28.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 6,828 shares in the company, valued at $1,476,281.88. The trade was a 12.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,785 shares of company stock worth $2,197,852. Insiders own 0.12% of the company’s stock.

NXP Semiconductors Trading Up 1.1%

Shares of NXPI opened at $222.34 on Wednesday. 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 business’s 50-day moving average price is $225.83 and its 200-day moving average price is $211.65. The stock has a market cap of $56.06 billion, a PE ratio of 26.50, a P/E/G ratio of 2.49 and a beta of 1.44. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $256.62.

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

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 dividend yield of 1.8%. The ex-dividend date was Wednesday, September 17th. NXP Semiconductors’s dividend payout ratio is 48.39%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NXPI shares. Wells Fargo & Company upped their target price 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. Citigroup boosted their price target on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, July 7th. 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. KeyCorp upped their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Finally, Truist Financial upped their price objective on shares of NXP Semiconductors from $230.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average price target of $257.06.

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.