Estabrook Capital Management Decreases Stake in NXP Semiconductors (NASDAQ:NXPI)

Estabrook Capital Management lessened its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,930 shares of the semiconductor provider’s stock after selling 312 shares during the period. Estabrook Capital Management’s holdings in NXP Semiconductors were worth $4,825,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of NXP Semiconductors during the first quarter worth about $25,000. FinTrust Capital Advisors LLC raised its position in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after buying an additional 49 shares during the last quarter. Family Firm Inc. acquired a new stake in NXP Semiconductors during the 2nd quarter valued at approximately $27,000. Addison Advisors LLC boosted its holdings in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 74 shares during the last quarter. Finally, LifeSteps Financial Inc. acquired a new stake in shares of NXP Semiconductors in the first quarter worth $30,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 2.9 %

Shares of NXP Semiconductors stock opened at $231.88 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The firm has a market capitalization of $59.29 billion, a PE ratio of 21.41, a P/E/G ratio of 2.50 and a beta of 1.49. The firm’s 50-day moving average price is $248.01 and its 200 day moving average price is $254.34.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the business posted $3.04 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts predict that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.40%.

Insider Activity

In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Julie Southern acquired 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of the company’s 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 $7,033,002.15. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Cowen decreased their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Truist Financial reduced their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Needham & Company LLC upped their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Oppenheimer raised their price objective on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Company 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.