Burney Co. Decreases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Burney Co. reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 22.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,169 shares of the semiconductor provider’s stock after selling 2,665 shares during the quarter. Burney Co.’s holdings in NXP Semiconductors were worth $2,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Future Financial Wealth Managment LLC acquired a new stake in NXP Semiconductors in the 1st quarter valued at about $25,000. FinTrust Capital Advisors LLC grew its position in shares of NXP Semiconductors by 75.4% in the fourth 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 during the last quarter. Family Firm Inc. purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $27,000. LifeSteps Financial Inc. acquired a new position in shares of NXP Semiconductors during the 1st quarter worth approximately $30,000. Finally, ICA Group Wealth Management LLC acquired a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $33,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Up 0.9 %

NXPI traded up $2.19 on Thursday, reaching $249.10. 862,377 shares of the company’s stock were exchanged, compared to its average volume of 2,240,056. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The company’s 50 day moving average is $260.78 and its 200-day moving average is $254.98. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The company has a market cap of $63.69 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 2.63 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data 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. 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 business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.04 earnings per share. Equities analysts predict that NXP Semiconductors will post 12 earnings per share for the current year.

Insider Buying and Selling at NXP Semiconductors

In related news, insider Julie Southern bought 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, 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 transaction of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NXPI shares. The Goldman Sachs Group raised their price target on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Truist Financial dropped their price objective on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Evercore ISI upped their target price on shares of NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, UBS Group boosted their price objective on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. One equities 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

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.