Sequoia Financial Advisors LLC Lowers Stock Holdings in NXP Semiconductors N.V. $NXPI

Sequoia Financial Advisors LLC lowered its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 72.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 36,956 shares of the semiconductor provider’s stock after selling 95,319 shares during the period. Sequoia Financial Advisors LLC’s holdings in NXP Semiconductors were worth $7,275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of NXP Semiconductors by 20.6% in the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock valued at $265,000 after acquiring an additional 218 shares in the last quarter. NewEdge Advisors LLC raised its stake in NXP Semiconductors by 3.4% during the 1st quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock valued at $1,334,000 after purchasing an additional 234 shares during the period. EverSource Wealth Advisors LLC raised its stake in NXP Semiconductors by 31.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock valued at $170,000 after purchasing an additional 187 shares during the period. Marshall Wace LLP lifted its holdings in NXP Semiconductors by 887.0% in the 2nd quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock worth $8,010,000 after purchasing an additional 32,945 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in NXP Semiconductors in the 2nd quarter worth approximately $555,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $292.26 on Monday. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The firm’s 50-day moving average price is $300.17 and its 200-day moving average price is $248.86. The stock has a market capitalization of $73.79 billion, a price-to-earnings ratio of 27.97, a P/E/G ratio of 1.05 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the business posted $2.64 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. On average, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.4 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.4%. NXP Semiconductors’s payout ratio is currently 38.76%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NXPI. Susquehanna lifted their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings raised shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. KeyCorp lifted their price target on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Barclays boosted their price target on shares of NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Needham & Company LLC raised their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $302.27.

Insider Activity

In related news, EVP Christopher L. Jensen sold 4,576 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the sale, the executive vice president owned 5,389 shares in the company, valued at approximately $1,261,187.67. This represents a 45.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 12,611 shares of company stock valued at $3,182,068. 0.05% of the stock is currently owned by insiders.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.