Legacy Financial Advisors Inc. Sells 122 Shares of NXP Semiconductors (NASDAQ:NXPI)

Legacy Financial Advisors Inc. lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 13.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 787 shares of the semiconductor provider’s stock after selling 122 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in NXP Semiconductors were worth $212,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NXPI. Aveo Capital Partners LLC increased its position in NXP Semiconductors by 43.7% during the fourth quarter. Aveo Capital Partners LLC now owns 1,500 shares of the semiconductor provider’s stock worth $345,000 after buying an additional 456 shares during the last quarter. 9258 Wealth Management LLC increased its holdings in shares of NXP Semiconductors by 21.2% during the 4th quarter. 9258 Wealth Management LLC now owns 5,041 shares of the semiconductor provider’s stock valued at $1,158,000 after acquiring an additional 881 shares during the last quarter. CreativeOne Wealth LLC bought a new position in shares of NXP Semiconductors in the 4th quarter valued at approximately $243,000. Nomura Asset Management Co. Ltd. lifted its holdings in NXP Semiconductors by 4.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 80,038 shares of the semiconductor provider’s stock worth $18,383,000 after purchasing an additional 3,529 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in NXP Semiconductors by 2.1% during the fourth quarter. Westfield Capital Management Co. LP now owns 34,861 shares of the semiconductor provider’s stock worth $8,007,000 after purchasing an additional 729 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Julie Southern purchased 146 shares of NXP Semiconductors stock in a transaction on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of 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 document filed with the SEC, which is available through this hyperlink. In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following 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. 0.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup lifted their price target on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research report on Monday, July 15th. Truist Financial cut their target price 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 raised their price target on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Oppenheimer boosted their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Finally, TD Cowen lowered their target price on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Stock Down 2.9 %

Shares of NXPI opened at $231.88 on Monday. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average price of $248.01 and a two-hundred day moving average price of $254.36. The stock has a market cap of $59.29 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 2.50 and a beta of 1.49. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08.

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

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend 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 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.