International Assets Investment Management LLC Cuts Stake in NXP Semiconductors (NASDAQ:NXPI)

International Assets Investment Management LLC decreased its position in NXP Semiconductors (NASDAQ:NXPI) by 8.4% during the 2nd quarter, Holdings Channel reports. The fund owned 2,088 shares of the semiconductor provider’s stock after selling 192 shares during the quarter. International Assets Investment Management LLC’s holdings in NXP Semiconductors were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in NXP Semiconductors in the first quarter valued at about $25,000. Family Firm Inc. purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $27,000. FinTrust Capital Advisors LLC lifted its holdings in shares of NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares during the period. LifeSteps Financial Inc. purchased a new stake in shares of NXP Semiconductors in the first quarter valued at approximately $30,000. Finally, Valley National Advisers Inc. grew its holdings in NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 52 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on NXPI. 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 report on Tuesday, July 23rd. Stifel Nicolaus raised their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Oppenheimer upped their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Jefferies Financial Group started coverage on shares of NXP Semiconductors in a research report on Monday, May 13th. They set a “buy” rating and a $325.00 price target for the company. Finally, Citigroup upped their price target on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $294.89.

Insiders Place Their Bets

In other news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction on 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 completion of the sale, the chief executive officer now owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the firm’s 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 sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Julie Southern acquired 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the purchase, 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. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Up 3.0 %

NXPI opened at $256.36 on Friday. The business’s fifty day simple moving average is $259.68 and its 200 day simple moving average is $255.02. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The firm has a market cap of $65.30 billion, a P/E ratio of 23.67, a PEG ratio of 2.77 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm’s revenue for the quarter 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, equities research analysts anticipate that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.58%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

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.