Compass Wealth Management LLC Cuts Position in NXP Semiconductors (NASDAQ:NXPI)

Compass Wealth Management LLC reduced its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 61.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190 shares of the semiconductor provider’s stock after selling 300 shares during the quarter. Compass Wealth Management LLC’s holdings in NXP Semiconductors were worth $47,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in NXP Semiconductors by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock worth $2,529,129,000 after purchasing an additional 118,562 shares during the period. Norges Bank purchased a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in NXP Semiconductors by 893.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after acquiring an additional 2,097,727 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in NXP Semiconductors by 4.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider’s stock worth $440,841,000 after acquiring an additional 92,571 shares during the period. Finally, Morgan Stanley boosted its stake in shares of NXP Semiconductors by 5.8% in the third quarter. Morgan Stanley now owns 2,185,911 shares of the semiconductor provider’s stock valued at $437,008,000 after purchasing an additional 119,183 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NXPI shares. JPMorgan Chase & Co. lifted their price target on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Jefferies Financial Group assumed coverage on shares of NXP Semiconductors in a report on Monday, May 13th. They issued a “buy” rating and a $325.00 price target on the stock. Truist Financial raised their price objective on shares of NXP Semiconductors from $265.00 to $291.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. UBS Group upped their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, Evercore ISI lifted their price target on NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $267.80.

Insiders Place Their Bets

In related news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the transaction, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by insiders.

NXP Semiconductors Stock Performance

NXPI opened at $271.40 on Thursday. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $286.87. The stock has a market cap of $69.39 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 2.54 and a beta of 1.50. The business’s 50 day moving average is $259.40 and its 200-day moving average is $240.50. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. On average, analysts predict that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.49%. NXP Semiconductors’s payout ratio is 37.49%.

NXP Semiconductors 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.