NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC reduced its holdings in NXP Semiconductors (NASDAQ:NXPI) by 16.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,942 shares of the semiconductor provider’s stock after selling 766 shares during the quarter. Venturi Wealth Management LLC’s holdings in NXP Semiconductors were worth $946,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NXPI. Vanguard Group Inc. increased its position in NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares during the period. Van ECK Associates Corp boosted its stake in NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after purchasing an additional 1,222,736 shares in the last quarter. International Assets Investment Management LLC boosted its stake in NXP Semiconductors by 24,533.2% during the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after purchasing an additional 512,253 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in NXP Semiconductors during the 3rd quarter valued at $84,901,000. Finally, Bessemer Group Inc. boosted its stake in NXP Semiconductors by 4,525.6% during the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after purchasing an additional 349,061 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $227.04 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 1.52 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 1 year low of $181.96 and a 1 year high of $296.08. The business has a fifty day simple moving average of $235.72 and a 200 day simple moving average of $253.50. The firm has a market cap of $57.70 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 4.30 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the company earned $3.31 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that NXP Semiconductors will post 11.43 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.79%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley decreased their price target on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Citigroup increased their price target on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. The Goldman Sachs Group reduced their price objective on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Loop Capital began coverage on NXP Semiconductors in a research note on Monday. They set a “buy” rating and a $300.00 price objective for the company. Finally, UBS Group reduced their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.76.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was 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 in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

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.