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

Kestra Private Wealth Services LLC cut its stake in shares of NXP Semiconductors (NASDAQ:NXPIGet Rating) by 32.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,856 shares of the semiconductor provider’s stock after selling 1,348 shares during the period. Kestra Private Wealth Services LLC’s holdings in NXP Semiconductors were worth $529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of NXP Semiconductors by 1.2% in the 1st quarter. BlackRock Inc. now owns 23,626,179 shares of the semiconductor provider’s stock valued at $4,372,733,000 after acquiring an additional 284,398 shares during the last quarter. State Street Corp raised its position in shares of NXP Semiconductors by 0.4% during the 1st quarter. State Street Corp now owns 10,844,845 shares of the semiconductor provider’s stock worth $2,016,010,000 after buying an additional 44,628 shares in the last quarter. Vanguard Group Inc. raised its position in shares of NXP Semiconductors by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock worth $1,997,635,000 after buying an additional 210,979 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of NXP Semiconductors by 8.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,769,600 shares of the semiconductor provider’s stock worth $1,623,079,000 after buying an additional 664,862 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of NXP Semiconductors by 6.6% during the 4th quarter. Alliancebernstein L.P. now owns 4,844,121 shares of the semiconductor provider’s stock worth $1,103,394,000 after buying an additional 299,687 shares in the last quarter. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Up 2.0 %

NASDAQ NXPI opened at $163.10 on Tuesday. The company has a current ratio of 2.15, a quick ratio of 1.65 and a debt-to-equity ratio of 1.54. The stock’s 50 day moving average is $171.78 and its two-hundred day moving average is $173.62. The company has a market capitalization of $42.83 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.57 and a beta of 1.49. NXP Semiconductors has a 1-year low of $140.33 and a 1-year high of $239.91.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last released its quarterly earnings data on Monday, July 25th. The semiconductor provider reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.50. NXP Semiconductors had a return on equity of 49.45% and a net margin of 19.83%. The company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the business earned $2.05 earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. Equities analysts forecast that NXP Semiconductors will post 12.72 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Thursday, September 15th will be paid a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Wednesday, September 14th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 36.90%.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of recent analyst reports. Mizuho dropped their price target on shares of NXP Semiconductors from $205.00 to $200.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 27th. Cowen lifted their price objective on shares of NXP Semiconductors from $190.00 to $200.00 in a research note on Wednesday, July 27th. Morgan Stanley lifted their price objective on shares of NXP Semiconductors from $180.00 to $183.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of NXP Semiconductors from $225.00 to $195.00 in a research note on Wednesday, July 20th. Finally, Needham & Company LLC lifted their target price on shares of NXP Semiconductors from $220.00 to $225.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $202.05.

NXP Semiconductors Profile

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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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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