WealthShield Partners LLC Lowers Stock Position in NXP Semiconductors N.V. $NXPI

WealthShield Partners LLC trimmed its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 17.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,548 shares of the semiconductor provider’s stock after selling 2,853 shares during the period. WealthShield Partners LLC’s holdings in NXP Semiconductors were worth $2,667,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors during the third quarter valued at about $26,000. SHP Wealth Management purchased a new position in shares of NXP Semiconductors in the 4th quarter worth about $27,000. Acumen Wealth Advisors LLC acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at about $28,000. Jessup Wealth Management Inc purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth about $29,000. Finally, Quattro Advisors LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $30,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Up 0.6%

NXP Semiconductors stock traded up $1.72 during midday trading on Friday, hitting $292.26. 1,789,023 shares of the company were exchanged, compared to its average volume of 3,974,638. The company’s fifty day moving average price is $300.17 and its 200-day moving average price is $248.72. The company has a market cap of $73.79 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 1.05 and a beta of 1.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.07. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. NXP Semiconductors’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $2.64 earnings per share. On average, research analysts predict that NXP Semiconductors N.V. will post 13.4 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.4%. NXP Semiconductors’s payout ratio is currently 38.85%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the transaction, the executive vice president directly owned 2,020 shares of the company’s stock, valued at $474,700. This represents a 72.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total value of $1,070,921.28. Following the sale, the executive vice president owned 5,389 shares of the company’s stock, valued at $1,261,187.67. This represents a 45.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,611 shares of company stock worth $3,182,068 in the last quarter. 0.05% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NXPI shares. Citigroup raised their price target on shares of NXP Semiconductors from $270.00 to $370.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Morgan Stanley increased their price objective on shares of NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Stifel Nicolaus raised their target price on shares of NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Susquehanna lifted their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $302.27.

NXP Semiconductors Company 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.