Bulltick Wealth Management LLC Has $1.75 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Bulltick Wealth Management LLC lessened its stake in NXP Semiconductors (NASDAQ:NXPI) by 60.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,451 shares of the semiconductor provider’s stock after selling 10,060 shares during the quarter. Bulltick Wealth Management LLC’s holdings in NXP Semiconductors were worth $1,745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in NXP Semiconductors by 7.5% during the second quarter. Thrivent Financial for Lutherans now owns 13,696 shares of the semiconductor provider’s stock worth $3,685,000 after buying an additional 956 shares during the last quarter. Sei Investments Co. increased its holdings in shares of NXP Semiconductors by 31.1% during the 2nd quarter. Sei Investments Co. now owns 78,034 shares of the semiconductor provider’s stock worth $20,998,000 after acquiring an additional 18,529 shares during the last quarter. Pacer Advisors Inc. raised its stake in NXP Semiconductors by 1.0% in the 2nd quarter. Pacer Advisors Inc. now owns 30,658 shares of the semiconductor provider’s stock valued at $8,250,000 after acquiring an additional 292 shares during the period. AE Wealth Management LLC lifted its holdings in NXP Semiconductors by 9.1% during the 2nd quarter. AE Wealth Management LLC now owns 8,144 shares of the semiconductor provider’s stock valued at $2,191,000 after purchasing an additional 682 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in NXP Semiconductors by 9.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 627 shares of the semiconductor provider’s stock worth $169,000 after purchasing an additional 54 shares during the period. 90.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NXPI shares. Mizuho upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their target price for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. Truist Financial cut their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Needham & Company LLC upped their target price on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Citigroup boosted their price target on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. Finally, StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Julie Southern bought 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Trading Down 2.9 %

Shares of NXP Semiconductors stock opened at $231.88 on Friday. The firm’s 50 day moving average is $248.01 and its 200 day moving average is $254.30. The firm has a market capitalization of $59.29 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the business earned $3.04 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. Equities research analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.40%.

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.