Resources Management Corp CT ADV Trims Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Resources Management Corp CT ADV reduced its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 9.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,015 shares of the semiconductor provider’s stock after selling 205 shares during the quarter. Resources Management Corp CT ADV’s holdings in NXP Semiconductors were worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of NXPI. Future Financial Wealth Managment LLC bought a new stake in NXP Semiconductors during the 1st quarter valued at $25,000. Family Firm Inc. purchased a new position in shares of NXP Semiconductors in the second quarter valued at $27,000. Addison Advisors LLC grew its position in shares of NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the period. Finally, LifeSteps Financial Inc. purchased a new stake in NXP Semiconductors during the 1st quarter worth about $30,000. 90.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

NXPI has been the topic of several analyst reports. Stifel Nicolaus upped their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Barclays boosted their price target on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. TD Cowen lowered their price objective on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Citigroup boosted their target price on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. Finally, Oppenheimer upped their target price on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. One research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $294.89.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction 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 approximately $7,033,002.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors 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 completion of the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Julie Southern purchased 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was bought 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 in the company, valued at $2,909,429.38. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $233.75 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average of $245.85 and a 200 day moving average of $254.04. The firm has a market capitalization of $59.54 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.51 and a beta of 1.49. NXP Semiconductors has a 52 week low of $167.21 and a 52 week 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, topping 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 business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business posted $3.04 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, research analysts expect that NXP Semiconductors will post 11.97 earnings per share for the current 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 1.74%. The ex-dividend date is Thursday, September 12th. 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.