AdvisorNet Financial Inc Lowers Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

AdvisorNet Financial Inc cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 9.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 573 shares of the semiconductor provider’s stock after selling 57 shares during the quarter. AdvisorNet Financial Inc’s holdings in NXP Semiconductors were worth $142,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NXPI. FinTrust Capital Advisors LLC increased its holdings in NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. Operose Advisors LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $26,000. Valley National Advisers Inc. increased its stake in shares of NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of NXP Semiconductors during the 1st quarter worth about $35,000. Finally, ICA Group Wealth Management LLC purchased a new position in NXP Semiconductors in the 4th quarter valued at about $33,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 0.6 %

Shares of NASDAQ NXPI opened at $268.17 on Thursday. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $68.57 billion, a PE ratio of 24.76, a PEG ratio of 2.52 and a beta of 1.50. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $286.87. The stock has a fifty day simple moving average of $262.08 and a 200-day simple moving average of $242.39.

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

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be given a $1.014 dividend. The ex-dividend date is Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.51%. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

Wall Street Analyst Weigh In

NXPI has been the topic of several research reports. Evercore ISI raised their target price on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. UBS Group lifted their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Wells Fargo & Company increased their target price on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Oppenheimer boosted their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $265.00 to $325.00 in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $267.80.

Insiders Place Their Bets

In other news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the sale, the chief executive officer now directly owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.11% of the company’s stock.

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.