NXP Semiconductors N.V. $NXPI Shares Sold by Financial Management Professionals Inc.

Financial Management Professionals Inc. trimmed its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 31.5% in the second quarter, HoldingsChannel reports. The firm owned 4,917 shares of the semiconductor provider’s stock after selling 2,257 shares during the period. Financial Management Professionals Inc.’s holdings in NXP Semiconductors were worth $1,387,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of NXPI. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors in the 3rd quarter valued at approximately $26,000. SHP Wealth Management purchased a new position in NXP Semiconductors during the fourth quarter worth $27,000. Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors in the second quarter worth $28,000. Acumen Wealth Advisors LLC acquired a new position in shares of NXP Semiconductors in the fourth quarter worth $28,000. Finally, Jessup Wealth Management Inc purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at $29,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

NXPI stock opened at $233.43 on Tuesday. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The stock’s fifty day simple moving average is $279.61 and its 200-day simple moving average is $252.66. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $58.86 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the firm posted $2.72 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.7%. NXP Semiconductors’s payout ratio is 34.64%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Mizuho decreased their price objective on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th. TD Cowen cut their target price on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Sanford C. Bernstein restated a “market perform” rating and issued a $290.00 target price on shares of NXP Semiconductors in a report on Wednesday, July 29th. Oppenheimer raised their price target on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus set a $282.00 price target on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

Insider Activity

In other news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the transaction, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This represents a 32.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. The trade was a 10.06% 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. 0.05% of the stock is owned by insiders.

About NXP Semiconductors

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.