NXP Semiconductors (NASDAQ:NXPI) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,395 shares of the semiconductor provider’s stock after selling 87 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in NXP Semiconductors were worth $2,398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank purchased a new position in NXP Semiconductors in the fourth quarter valued at about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in NXP Semiconductors by 893.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in NXP Semiconductors during the fourth quarter valued at approximately $164,044,000. Kodai Capital Management LP bought a new position in NXP Semiconductors during the 4th quarter worth approximately $125,319,000. Finally, International Assets Investment Management LLC grew its position in shares of NXP Semiconductors by 21,013.6% in the 4th quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock worth $118,325,000 after acquiring an additional 512,732 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction dated Monday, June 10th. The stock was 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 directly owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by insiders.

NXP Semiconductors Trading Up 0.9 %

Shares of NASDAQ NXPI opened at $271.26 on Tuesday. The stock has a market cap of $69.36 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 2.51 and a beta of 1.50. The business has a 50 day simple moving average of $258.40 and a 200 day simple moving average of $239.82. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. On average, research analysts predict that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, June 13th. NXP Semiconductors’s payout ratio is 37.49%.

Analyst Ratings Changes

A number of equities analysts have issued reports on NXPI shares. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their target price for the stock from $265.00 to $325.00 in a report on Friday, May 24th. Argus boosted their price objective on NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group increased their target price on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. StockNews.com raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Finally, Evercore ISI boosted their price objective on NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.80.

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.