NXP Semiconductors N.V. $NXPI Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management trimmed its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 22.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,176 shares of the semiconductor provider’s stock after selling 636 shares during the quarter. Financial Advocates Investment Management’s holdings in NXP Semiconductors were worth $475,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of NXP Semiconductors by 20.6% during the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after buying an additional 218 shares in the last quarter. LPL Financial LLC boosted its position in NXP Semiconductors by 5.8% during the first quarter. LPL Financial LLC now owns 231,113 shares of the semiconductor provider’s stock worth $43,925,000 after acquiring an additional 12,719 shares during the last quarter. Fiera Capital Corp grew its stake in NXP Semiconductors by 37.2% during the 1st quarter. Fiera Capital Corp now owns 11,539 shares of the semiconductor provider’s stock valued at $2,193,000 after acquiring an additional 3,126 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in NXP Semiconductors by 5.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 5,080 shares of the semiconductor provider’s stock valued at $965,000 after acquiring an additional 244 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in NXP Semiconductors by 8.4% in the 1st quarter. Federated Hermes Inc. now owns 1,117 shares of the semiconductor provider’s stock valued at $212,000 after acquiring an additional 87 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 8,372 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total value of $1,733,087.72. Following the sale, the executive vice president directly owned 19,175 shares of the company’s stock, valued at approximately $3,969,416.75. The trade was a 30.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred 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 $1,476,281.88. The trade was a 12.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by insiders.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $193.76 on Friday. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $255.45. The stock’s fifty day moving average is $211.84 and its two-hundred day moving average is $216.25. The company has a market capitalization of $48.76 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.53 and a beta of 1.47. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.45 earnings per share. Equities analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.1%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 50.12%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Evercore ISI boosted their target price on NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price objective on NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $280.00 target price on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Truist Financial lifted their price target on NXP Semiconductors from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, TD Cowen dropped their price objective on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $252.47.

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.