Financial Management Professionals Inc. Has $290,000 Holdings in NXP Semiconductors (NASDAQ:NXPI)

Financial Management Professionals Inc. decreased its position in NXP Semiconductors (NASDAQ:NXPI) by 4.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,171 shares of the semiconductor provider’s stock after selling 49 shares during the period. Financial Management Professionals Inc.’s holdings in NXP Semiconductors were worth $290,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Operose Advisors LLC bought a new position in shares of NXP Semiconductors during the third quarter valued at about $26,000. O Shaughnessy Asset Management LLC grew its holdings in shares of NXP Semiconductors by 11.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 18,326 shares of the semiconductor provider’s stock valued at $3,664,000 after acquiring an additional 1,880 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of NXP Semiconductors during the third quarter valued at approximately $16,920,000. Bank of Nova Scotia boosted its position in NXP Semiconductors by 14.4% in the third quarter. Bank of Nova Scotia now owns 36,771 shares of the semiconductor provider’s stock worth $7,351,000 after purchasing an additional 4,637 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new stake in shares of NXP Semiconductors during the 3rd quarter valued at $41,270,000. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald increased their price target on shares of NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Jefferies Financial Group started coverage on NXP Semiconductors in a research report on Monday, May 13th. They issued a “buy” rating and a $325.00 target price for the company. JPMorgan Chase & Co. increased their price target on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Truist Financial upped their price objective on shares of NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, TD Cowen upped their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $267.80.

NXP Semiconductors Price Performance

NXPI stock opened at $269.09 on Friday. The firm has a 50 day simple moving average of $264.90 and a two-hundred day simple moving average of $243.23. 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 cap of $68.80 billion, a PE ratio of 24.85, a P/E/G ratio of 2.51 and a beta of 1.50. NXP Semiconductors has a one year low of $167.21 and a one year high of $286.87.

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

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.51%. NXP Semiconductors’s dividend payout ratio is 37.49%.

Insider Buying and Selling

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors 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 directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

About NXP Semiconductors

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.