ASB Consultores LLC Sells 780 Shares of NXP Semiconductors (NASDAQ:NXPI)

ASB Consultores LLC lessened its position in NXP Semiconductors (NASDAQ:NXPI) by 35.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,444 shares of the semiconductor provider’s stock after selling 780 shares during the period. ASB Consultores LLC’s holdings in NXP Semiconductors were worth $389,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new stake in NXP Semiconductors in the 1st quarter worth $25,000. FinTrust Capital Advisors LLC boosted its stake in shares of NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. Family Firm Inc. bought a new stake in shares of NXP Semiconductors during the 2nd quarter valued at about $27,000. Addison Advisors LLC boosted its stake in shares of NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. Finally, LifeSteps Financial Inc. bought a new stake in shares of NXP Semiconductors during the 1st quarter valued at about $30,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 3.1 %

NXPI opened at $238.72 on Friday. 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 firm has a 50 day moving average price of $248.98 and a 200-day moving average price of $254.45. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The stock has a market capitalization of $61.04 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.50 and a beta of 1.49.

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

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a $1.014 dividend. The ex-dividend date is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.70%. NXP Semiconductors’s payout ratio is currently 37.40%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley cut their target price on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Truist Financial lowered their price target 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. Barclays lifted their price target on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price target on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. 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 company’s stock. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $294.89.

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.