Westwood Wealth Management Lowers Position in NXP Semiconductors N.V. $NXPI

Westwood Wealth Management cut its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 36.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,880 shares of the semiconductor provider’s stock after selling 2,775 shares during the period. NXP Semiconductors comprises approximately 0.4% of Westwood Wealth Management’s investment portfolio, making the stock its 25th largest holding. Westwood Wealth Management’s holdings in NXP Semiconductors were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Brown Lisle Cummings Inc. lifted its position in shares of NXP Semiconductors by 121.7% during 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 in the last quarter. Delos Wealth Advisors LLC purchased a new stake in NXP Semiconductors in the 2nd quarter valued at about $35,000. True Wealth Design LLC lifted its position in shares of NXP Semiconductors by 375.6% during the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after buying an additional 154 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $43,000. Finally, North Capital Inc. boosted its stake in shares of NXP Semiconductors by 119.8% in the 3rd quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock worth $43,000 after buying an additional 103 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 1.4%

Shares of NXPI opened at $241.15 on Monday. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $255.45. The business has a 50-day moving average of $214.91 and a 200 day moving average of $220.29. The firm has a market cap of $60.69 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 3.03 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share 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 the consensus estimate of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.NXP Semiconductors’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.45 EPS. As a group, research analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, December 10th. NXP Semiconductors’s payout ratio is currently 50.25%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern bought 225 shares of the stock in a transaction on Wednesday, December 3rd. The shares were acquired at an average price of $225.48 per share, with a total value of $50,733.00. Following the acquisition, the insider directly owned 11,937 shares of the company’s stock, valued at $2,691,554.76. The trade was a 1.92% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher L. Jensen sold 2,300 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total value of $524,791.00. Following the completion of the transaction, the executive vice president directly owned 9,965 shares of the company’s stock, valued at $2,273,714.05. The trade was a 18.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,097 shares of company stock valued at $5,003,058 in the last 90 days. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on NXPI. JPMorgan Chase & Co. increased their price target on NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Cantor Fitzgerald restated an “overweight” rating and issued a $280.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. TD Cowen cut their price target on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Finally, Arete Research increased their price target on shares of NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $260.62.

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.