Atria Investments Inc Sells 502 Shares of NXP Semiconductors (NASDAQ:NXPI)

Atria Investments Inc reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 2.1% during the first quarter, Holdings Channel reports. The institutional investor owned 22,986 shares of the semiconductor provider’s stock after selling 502 shares during the quarter. Atria Investments Inc’s holdings in NXP Semiconductors were worth $5,695,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new stake in NXP Semiconductors in the 1st quarter worth approximately $25,000. FinTrust Capital Advisors LLC boosted its stake in NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares in the last quarter. LifeSteps Financial Inc. acquired a new stake in NXP Semiconductors in the 1st quarter worth approximately $30,000. Valley National Advisers Inc. boosted its stake in NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares in the last quarter. Finally, Rise Advisors LLC acquired a new stake in NXP Semiconductors in the 1st quarter worth approximately $35,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

NASDAQ NXPI traded down $5.87 on Friday, hitting $237.75. The company had a trading volume of 4,567,156 shares, compared to its average volume of 2,667,396. The company has a market capitalization of $60.56 billion, a PE ratio of 21.95, a PEG ratio of 2.63 and a beta of 1.49. The company’s fifty day moving average price is $269.97 and its 200-day moving average price is $251.06. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm earned $3.04 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. As a group, analysts predict that NXP Semiconductors will post 12 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.71%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Oppenheimer lifted their price objective on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Needham & Company LLC lifted their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Truist Financial decreased their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Argus lifted their price objective on shares of NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $294.89.

Insiders Place Their Bets

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the sale, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Julie Southern purchased 146 shares of the stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares in the company, valued at approximately $49,052,891.75. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Company 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.