NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Austin Private Wealth LLC

Austin Private Wealth LLC cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,329 shares of the semiconductor provider’s stock after selling 112 shares during the quarter. Austin Private Wealth LLC’s holdings in NXP Semiconductors were worth $319,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. ASB Consultores LLC increased its position in shares of NXP Semiconductors by 8.2% in the 3rd quarter. ASB Consultores LLC now owns 1,562 shares of the semiconductor provider’s stock worth $375,000 after purchasing an additional 118 shares during the last quarter. Martin Investment Management LLC grew its stake in NXP Semiconductors by 3.1% in the third quarter. Martin Investment Management LLC now owns 33,169 shares of the semiconductor provider’s stock worth $7,961,000 after purchasing an additional 993 shares in the last quarter. QRG Capital Management Inc. increased its holdings in NXP Semiconductors by 9.1% in the third quarter. QRG Capital Management Inc. now owns 2,635 shares of the semiconductor provider’s stock valued at $632,000 after buying an additional 220 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in NXP Semiconductors by 1.0% during the third quarter. Asset Management One Co. Ltd. now owns 95,949 shares of the semiconductor provider’s stock valued at $23,029,000 after buying an additional 912 shares in the last quarter. Finally, National Pension Service lifted its holdings in NXP Semiconductors by 11.3% during the 3rd quarter. National Pension Service now owns 814,952 shares of the semiconductor provider’s stock worth $195,597,000 after buying an additional 82,853 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction 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 sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NXPI. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a report on Monday. Truist Financial dropped their target price on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Oppenheimer raised 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. Finally, Mizuho set a $290.00 target price on NXP Semiconductors in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $288.90.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI traded down $15.72 during mid-day trading on Tuesday, reaching $221.18. The company had a trading volume of 2,454,202 shares, compared to its average volume of 2,268,352. NXP Semiconductors has a 1-year low of $178.19 and a 1-year high of $296.08. The stock has a market cap of $56.34 billion, a PE ratio of 20.83, a P/E/G ratio of 2.59 and a beta of 1.49. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average price of $237.30 and a two-hundred day moving average price of $253.27.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 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 5.4% compared to the same quarter last year. During the same period last year, the firm posted $3.31 earnings per share. On average, equities analysts anticipate that NXP Semiconductors will post 11.94 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 37.94%.

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.