NXP Semiconductors N.V. $NXPI Shares Sold by WealthShield Partners LLC

WealthShield Partners LLC trimmed its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 17.4% during the first quarter, HoldingsChannel reports. The fund owned 13,548 shares of the semiconductor provider’s stock after selling 2,853 shares during the quarter. WealthShield Partners LLC’s holdings in NXP Semiconductors were worth $2,667,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of NXP Semiconductors during the fourth quarter worth about $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NXP Semiconductors by 34,719.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock valued at $581,807,000 after buying an additional 2,672,697 shares in the last quarter. Wellington Management Group LLP lifted its holdings in NXP Semiconductors by 11.9% during the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after buying an additional 1,333,920 shares during the last quarter. Invesco Ltd. grew its position in shares of NXP Semiconductors by 17.2% in the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after acquiring an additional 818,985 shares in the last quarter. Finally, Amundi increased its holdings in shares of NXP Semiconductors by 46.6% in the 4th quarter. Amundi now owns 2,203,488 shares of the semiconductor provider’s stock valued at $478,270,000 after acquiring an additional 700,753 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NXPI has been the topic of several research analyst reports. Weiss Ratings upgraded NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Wells Fargo & Company increased their target price on NXP Semiconductors from $265.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 9th. Wall Street Zen raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Sanford C. Bernstein boosted their price objective on NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley increased their price objective on NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $302.27.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the transaction, the executive vice president directly owned 2,020 shares of the company’s stock, valued at approximately $474,700. This trade represents a 72.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,611 shares of company stock valued at $3,182,068 over the last quarter. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors Price Performance

NXPI stock traded up $1.72 during trading on Friday, hitting $292.26. The company had a trading volume of 1,789,023 shares, compared to its average volume of 3,974,638. The business has a 50 day moving average of $300.17 and a 200 day moving average of $248.72. The firm 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. 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 fifty-two week low of $183.00 and a fifty-two week high of $339.95.

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

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

NXP Semiconductors Company 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.