NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lowered its stake in NXP Semiconductors (NASDAQ:NXPI) by 1.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,798 shares of the semiconductor provider’s stock after selling 86 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in NXP Semiconductors were worth $1,392,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Drive Wealth Management LLC lifted its holdings in NXP Semiconductors by 4.3% during the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock worth $257,000 after buying an additional 39 shares during the last quarter. Beacon Capital Management LLC lifted its holdings in NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 40 shares during the last quarter. Patten Group Inc. lifted its holdings in shares of NXP Semiconductors by 1.2% in the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after purchasing an additional 42 shares during the last quarter. West Paces Advisors Inc. lifted its holdings in shares of NXP Semiconductors by 3.1% in the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after purchasing an additional 45 shares during the last quarter. Finally, Octavia Wealth Advisors LLC lifted its holdings in shares of NXP Semiconductors by 5.4% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock worth $238,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the topic of several recent research reports. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Oppenheimer raised their target price on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Truist Financial lowered their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. 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 research report on Wednesday, July 24th. Finally, Needham & Company LLC raised their target price on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $291.47.

NXP Semiconductors Stock Down 0.9 %

NASDAQ NXPI opened at $236.17 on Friday. The firm has a market cap of $60.38 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 2.51 and a beta of 1.49. 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’s 50 day simple moving average is $239.98 and its 200 day simple moving average is $253.35. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.40%.

Insider Activity

In other news, 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 transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Julie Southern purchased 146 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated 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 sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company 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.