Gratus Wealth Advisors LLC Sells 4,163 Shares of NXP Semiconductors N.V. $NXPI

Gratus Wealth Advisors LLC trimmed its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 62.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,458 shares of the semiconductor provider’s stock after selling 4,163 shares during the quarter. Gratus Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $560,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NXPI. Brown Lisle Cummings Inc. grew its holdings in NXP Semiconductors by 121.7% during the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 84 shares during the period. Delos Wealth Advisors LLC purchased a new position in NXP Semiconductors during the 2nd quarter valued at approximately $35,000. True Wealth Design LLC lifted its stake in shares of NXP Semiconductors by 375.6% in the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock valued at $43,000 after purchasing an additional 154 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in NXP Semiconductors during the second quarter valued at $43,000. Finally, North Capital Inc. grew its stake in shares of NXP Semiconductors by 119.8% during the third quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock valued at $43,000 after buying an additional 103 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Cowen cut their price objective on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Truist Financial upped their target price on NXP Semiconductors from $254.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Evercore ISI boosted their price objective on NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price target on NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Mizuho increased their price objective on shares of NXP Semiconductors from $265.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $264.83.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 12,425 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total value of $2,745,179.50. Following the completion of the sale, the executive vice president owned 11,811 shares in the company, valued at approximately $2,609,522.34. This trade represents a 51.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Julie Southern acquired 225 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was acquired at an average price of $225.48 per share, with a total value of $50,733.00. Following the transaction, the insider directly owned 11,937 shares of the company’s stock, valued at $2,691,554.76. This represents a 1.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 23,097 shares of company stock worth $5,003,058 in the last 90 days. 0.12% of the stock is owned by insiders.

NXP Semiconductors Stock Down 0.9%

Shares of NASDAQ:NXPI opened at $238.60 on Friday. The firm has a market capitalization of $60.05 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 3.03 and a beta of 1.46. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $255.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69. The firm’s 50-day moving average is $217.42 and its two-hundred day moving average is $220.85.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.45 EPS. Analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, December 10th. NXP Semiconductors’s payout ratio is currently 50.25%.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.