Burney Co. lessened its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 14.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,877 shares of the semiconductor provider’s stock after selling 1,200 shares during the period. Burney Co.’s holdings in NXP Semiconductors were worth $1,502,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the company. Transcend Capital Advisors LLC boosted its holdings in shares of NXP Semiconductors by 2.8% in the second quarter. Transcend Capital Advisors LLC now owns 1,824 shares of the semiconductor provider’s stock valued at $399,000 after purchasing an additional 50 shares during the period. Fox Run Management L.L.C. boosted its holdings in shares of NXP Semiconductors by 3.3% in the first quarter. Fox Run Management L.L.C. now owns 1,669 shares of the semiconductor provider’s stock valued at $317,000 after purchasing an additional 54 shares during the period. AlphaCore Capital LLC boosted its holdings in shares of NXP Semiconductors by 3.5% in the first quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider’s stock valued at $312,000 after purchasing an additional 55 shares during the period. TFB Advisors LLC boosted its holdings in shares of NXP Semiconductors by 4.9% in the first quarter. TFB Advisors LLC now owns 1,203 shares of the semiconductor provider’s stock valued at $229,000 after purchasing an additional 56 shares during the period. Finally, Manchester Capital Management LLC boosted its holdings in shares of NXP Semiconductors by 14.7% in the first quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider’s stock valued at $85,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Stock Down 2.8%
Shares of NASDAQ NXPI opened at $204.42 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $51.45 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 2.53 and a beta of 1.44. The stock’s fifty day simple moving average is $222.08 and its two-hundred day simple moving average is $215.32. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $255.45.
NXP Semiconductors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th were given a $1.014 dividend. 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 2.0%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 50.12%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on NXPI. Evercore ISI boosted their price target on NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. KGI Securities upgraded NXP Semiconductors to a “strong-buy” rating in a report on Wednesday, July 23rd. Needham & Company LLC boosted their price target on NXP Semiconductors from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Barclays boosted their price target on NXP Semiconductors from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, July 22nd. Finally, Stifel Nicolaus set a $215.00 target price on NXP Semiconductors in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $257.47.
Read Our Latest Research Report on NXP Semiconductors
Insiders Place Their Bets
In other news, President Rafael Sotomayor sold 2,000 shares of the firm’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 completion of the sale, the president owned 4,958 shares of the company’s stock, valued at $1,088,628.06. This trade represents a 28.74% decrease in their position. The transaction was disclosed in a document filed 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 on Monday, September 15th. The stock was sold at an average price of $216.21, for a total value of $216,210.00. Following the completion of the sale, 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. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by company insiders.
About NXP Semiconductors
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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