EverSource Wealth Advisors LLC Sells 43 Shares of NXP Semiconductors (NASDAQ:NXPI)

EverSource Wealth Advisors LLC trimmed its holdings in NXP Semiconductors (NASDAQ:NXPI) by 3.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,356 shares of the semiconductor provider’s stock after selling 43 shares during the period. EverSource Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $347,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of NXPI. Beacon Capital Management LLC increased its position in shares of NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Lincoln National Corp increased its position in shares of NXP Semiconductors by 1.9% during the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock valued at $568,000 after purchasing an additional 46 shares during the last quarter. Peterson Wealth Services increased its position in shares of NXP Semiconductors by 3.1% during the 1st quarter. Peterson Wealth Services now owns 1,520 shares of the semiconductor provider’s stock valued at $377,000 after purchasing an additional 46 shares during the last quarter. RFG Advisory LLC increased its position in shares of NXP Semiconductors by 1.6% during the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock valued at $740,000 after purchasing an additional 47 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its position in shares of NXP Semiconductors by 4.5% during the 1st quarter. CreativeOne Wealth LLC now owns 1,103 shares of the semiconductor provider’s stock valued at $274,000 after purchasing an additional 47 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on NXPI. Evercore ISI increased their target price on shares of NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their target price on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Oppenheimer increased their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Barclays increased their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Finally, Stifel Nicolaus increased their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI traded down $5.87 during midday trading on Friday, reaching $237.75. 4,567,156 shares of the stock traded hands, compared to its average volume of 2,667,396. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The stock has a market capitalization of $60.56 billion, a PE ratio of 21.95, a P/E/G ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08. The company’s 50 day moving average is $269.97 and its 200 day moving average is $251.06.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Thursday, June 13th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.71%. NXP Semiconductors’s payout ratio is presently 37.49%.

Insider Activity at NXP Semiconductors

In related news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the sale, the chief executive officer now owns 177,889 shares in the company, valued at approximately $49,052,891.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Julie Southern purchased 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the purchase, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the transaction, the chief executive officer now owns 177,889 shares in the company, valued at approximately $49,052,891.75. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by 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.