Transform Wealth LLC Sells 32,802 Shares of NXP Semiconductors (NASDAQ:NXPI)

Transform Wealth LLC lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 96.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,190 shares of the semiconductor provider’s stock after selling 32,802 shares during the period. Transform Wealth LLC’s holdings in NXP Semiconductors were worth $297,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Lincoln National Corp grew its position in NXP Semiconductors by 1.9% in the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock worth $568,000 after purchasing an additional 46 shares during the period. RFG Advisory LLC boosted its position in NXP Semiconductors by 1.6% in the first quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock worth $740,000 after purchasing an additional 47 shares during the last quarter. IMPACTfolio LLC grew its stake in shares of NXP Semiconductors by 4.3% during the 4th quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock valued at $273,000 after purchasing an additional 49 shares during the period. FinTrust Capital Advisors LLC increased its position 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 last quarter. Finally, Financial Management Professionals Inc. lifted its stake in shares of NXP Semiconductors by 4.3% in the 4th quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider’s stock worth $280,000 after purchasing an additional 50 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Insider Transactions at NXP Semiconductors

In related news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on NXPI. Cantor Fitzgerald upped their target price on shares of NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. Argus lifted their target price on NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company upped their price target on NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Oppenheimer lifted their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group assumed coverage on shares of NXP Semiconductors in a report on Monday, May 13th. They issued a “buy” rating and a $325.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $267.80.

NXP Semiconductors Price Performance

NXPI traded down $3.16 during trading hours on Thursday, hitting $265.01. The company’s stock had a trading volume of 1,489,080 shares, compared to its average volume of 2,199,386. The stock has a market cap of $67.76 billion, a price-to-earnings ratio of 24.47, a P/E/G ratio of 2.52 and a beta of 1.50. The business’s 50-day moving average price is $262.91 and its 200-day moving average price is $242.57. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Sell-side analysts expect that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, June 13th. NXP Semiconductors’s payout ratio is 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.