NXP Semiconductors N.V. $NXPI Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. reduced its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 11.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 909 shares of the semiconductor provider’s stock after selling 112 shares during the quarter. Harbour Investments Inc.’s holdings in NXP Semiconductors were worth $199,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Hemington Wealth Management raised its holdings in NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 59 shares during the last quarter. Brown Lisle Cummings Inc. raised its holdings in NXP Semiconductors by 121.7% in the 2nd 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. Valley National Advisers Inc. grew its stake in shares of NXP Semiconductors by 118.9% during the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock valued at $43,000 after buying an additional 126 shares during the period. Hilltop National Bank purchased a new stake in shares of NXP Semiconductors during the 2nd quarter valued at $44,000. Finally, Rossby Financial LCC purchased a new stake in shares of NXP Semiconductors during the 1st quarter valued at $46,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $217.16 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. The firm has a 50-day moving average of $225.56 and a two-hundred day moving average of $211.69. The stock has a market cap of $54.75 billion, a P/E ratio of 25.88, a PEG ratio of 2.52 and a beta of 1.44. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $256.62.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results 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. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.20 EPS. On average, research analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Wednesday, September 17th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, September 17th. This represents a $4.06 annualized dividend and a yield of 1.9%. NXP Semiconductors’s dividend payout ratio is 48.39%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NXPI shares. KGI Securities raised shares of NXP Semiconductors to a “strong-buy” rating in a research note on Wednesday, July 23rd. UBS Group boosted their price objective on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. Wells Fargo & Company upped their price target on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Truist Financial upped their price target on shares of NXP Semiconductors from $230.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Two investment 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 MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $257.06.

Insider Buying and Selling

In related news, CFO William Betz sold 6,785 shares of the stock in a transaction dated Monday, July 28th. The shares were 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. This represents a 81.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 9,785 shares of company stock worth $2,197,852 over the last quarter. 0.12% of the stock is owned by company insiders.

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.