B. Riley Wealth Advisors Inc. Has $2.60 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

B. Riley Wealth Advisors Inc. raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,482 shares of the semiconductor provider’s stock after purchasing an additional 87 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in NXP Semiconductors were worth $2,597,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. JB Capital LLC boosted its holdings in shares of NXP Semiconductors by 17.0% in the 4th quarter. JB Capital LLC now owns 50,705 shares of the semiconductor provider’s stock worth $11,646,000 after acquiring an additional 7,351 shares in the last quarter. Osborne Partners Capital Management LLC raised its position in NXP Semiconductors by 0.3% in the 4th quarter. Osborne Partners Capital Management LLC now owns 61,668 shares of the semiconductor provider’s stock worth $14,164,000 after purchasing an additional 168 shares during the last quarter. First Citizens Bank & Trust Co. bought a new position in NXP Semiconductors in the 4th quarter worth approximately $202,000. Carmel Capital Management L.L.C. raised its position in NXP Semiconductors by 1.8% in the 4th quarter. Carmel Capital Management L.L.C. now owns 65,160 shares of the semiconductor provider’s stock worth $14,966,000 after purchasing an additional 1,155 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in NXP Semiconductors by 2.5% in the 4th quarter. State of Michigan Retirement System now owns 82,868 shares of the semiconductor provider’s stock worth $19,033,000 after purchasing an additional 2,000 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $263.16 on Thursday. The firm has a market capitalization of $67.29 billion, a P/E ratio of 24.30, a P/E/G ratio of 2.71 and a beta of 1.49. The company’s 50 day moving average price is $271.34 and its two-hundred day moving average price is $250.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. 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 firm earned $3.04 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.2% on a year-over-year basis. On average, equities analysts forecast that NXP Semiconductors will post 12 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent research reports. Argus upped their target price on shares of NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company upped their price objective on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Morgan Stanley lowered their price objective on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Mizuho upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $265.00 to $325.00 in a research report on Friday, May 24th. Finally, Needham & Company LLC upped their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $294.89.

Insider Activity

In related news, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction dated 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 in the company, valued at $49,052,891.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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.