Xponance Inc. Sells 188 Shares of NXP Semiconductors (NASDAQ:NXPI)

Xponance Inc. lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,793 shares of the semiconductor provider’s stock after selling 188 shares during the quarter. Xponance Inc.’s holdings in NXP Semiconductors were worth $6,672,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Drive Wealth Management LLC increased its holdings in shares of NXP Semiconductors by 4.3% in the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock worth $257,000 after purchasing an additional 39 shares during the period. Beacon Capital Management LLC grew its position in NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after acquiring an additional 40 shares in the last quarter. Patten Group Inc. grew its position in NXP Semiconductors by 1.2% in the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after acquiring an additional 42 shares in the last quarter. West Paces Advisors Inc. grew its position in NXP Semiconductors by 3.1% in the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after acquiring an additional 45 shares in the last quarter. Finally, Octavia Wealth Advisors LLC grew its position in NXP Semiconductors by 5.4% in the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock worth $238,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Julie Southern purchased 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NXPI shares. TD Cowen cut 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. 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. Barclays upped their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Needham & Company LLC upped their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Morgan Stanley cut their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $233.75 on Wednesday. The company has a market cap of $59.54 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.51 and a beta of 1.49. The company has a 50-day moving average price of $245.85 and a 200-day moving average price of $254.04. 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 12 month low of $167.21 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the firm posted $3.04 earnings per share. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 37.49%.

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.