Dumont & Blake Investment Advisors LLC lessened its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,495 shares of the semiconductor provider’s stock after selling 84 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in NXP Semiconductors were worth $764,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Hemington Wealth Management boosted its holdings in shares of NXP Semiconductors by 50.0% in the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 59 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in shares of NXP Semiconductors by 121.7% in the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 84 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock valued at $43,000 after purchasing an additional 126 shares during the period. Hilltop National Bank purchased a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $44,000. Finally, Rossby Financial LCC purchased a new stake in shares of NXP Semiconductors in the first quarter valued at approximately $46,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Stock Performance
Shares of NXPI stock opened at $214.35 on Friday. The business’s fifty day simple moving average is $225.49 and its 200-day simple moving average is $210.89. The company has a market cap of $54.04 billion, a PE ratio of 25.55, a PEG ratio of 2.43 and a beta of 1.44. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $256.62.
NXP Semiconductors Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.9%. NXP Semiconductors’s dividend payout ratio is presently 48.39%.
Insider Transactions at NXP Semiconductors
In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $216.21, for a total transaction of $216,210.00. Following the transaction, the executive vice president directly owned 6,828 shares of the company’s stock, valued at approximately $1,476,281.88. This represents a 12.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Rafael Sotomayor sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was 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. The trade was a 28.74% 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 valued at $2,197,852. Corporate insiders own 0.12% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on NXPI. Susquehanna boosted their price target on NXP Semiconductors from $195.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Citigroup boosted their price target on NXP Semiconductors from $210.00 to $275.00 and gave the company a “buy” rating in a report on Monday, July 7th. TD Cowen reduced their price objective on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Needham & Company LLC boosted their price objective on shares of NXP Semiconductors from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, Truist Financial boosted their price objective on shares of NXP Semiconductors from $230.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $257.06.
Check Out Our Latest Analysis on NXPI
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.
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