Sunbelt Securities Inc. Has $992,000 Stake in NXP Semiconductors (NASDAQ:NXPI)

Sunbelt Securities Inc. lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,004 shares of the semiconductor provider’s stock after selling 100 shares during the period. Sunbelt Securities Inc.’s holdings in NXP Semiconductors were worth $992,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. FinTrust Capital Advisors LLC boosted its stake in NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares in the last quarter. Operose Advisors LLC acquired a new position in NXP Semiconductors during the 3rd quarter worth about $26,000. Valley National Advisers Inc. grew its holdings in NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after acquiring an additional 68 shares during the last quarter. Rise Advisors LLC acquired a new stake in NXP Semiconductors in the 1st quarter valued at about $35,000. Finally, ICA Group Wealth Management LLC bought a new position in shares of NXP Semiconductors in the fourth quarter worth about $33,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 1.2 %

NXPI stock opened at $265.01 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The stock has a market capitalization of $67.76 billion, a P/E ratio of 24.47, a P/E/G ratio of 2.51 and a beta of 1.50. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $286.87. The business has a 50-day moving average of $262.91 and a 200-day moving average of $242.57.

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

NXP Semiconductors Dividend Announcement

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 paid a $1.014 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.53%. NXP Semiconductors’s payout ratio is currently 37.49%.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of research reports. UBS Group raised their price target on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Cantor Fitzgerald boosted their target price on NXP Semiconductors from $290.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Truist Financial raised their price target on NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Jefferies Financial Group assumed coverage on NXP Semiconductors in a research report on Monday, May 13th. They issued a “buy” rating and a $325.00 price objective for the company. Finally, 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 note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $267.80.

Insiders Place Their Bets

In related news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction dated 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 owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

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.