Absher Wealth Management LLC Has $945,000 Holdings in NXP Semiconductors (NASDAQ:NXPI)

Absher Wealth Management LLC decreased its stake in NXP Semiconductors (NASDAQ:NXPI) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,512 shares of the semiconductor provider’s stock after selling 71 shares during the quarter. Absher Wealth Management LLC’s holdings in NXP Semiconductors were worth $945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Drive Wealth Management LLC increased its stake in NXP Semiconductors by 4.3% in the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after purchasing an additional 39 shares in the last quarter. Beacon Capital Management LLC grew its stake in NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares during the period. Patten Group Inc. increased its holdings in shares of NXP Semiconductors by 1.2% in the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after acquiring an additional 42 shares in the last quarter. West Paces Advisors Inc. raised its position in shares of NXP Semiconductors by 3.1% during the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after purchasing an additional 45 shares during the period. Finally, Octavia Wealth Advisors LLC lifted its holdings in shares of NXP Semiconductors by 5.4% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after purchasing an additional 45 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial dropped their target price on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the company from $265.00 to $325.00 in a report on Friday, May 24th. Wells Fargo & Company raised their price target on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Jefferies Financial Group began coverage on NXP Semiconductors in a research note on Monday, May 13th. They issued a “buy” rating and a $325.00 price target for the company. Finally, Citigroup increased their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $294.89.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the transaction, the chief executive officer now 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 insiders.

NXP Semiconductors Trading Down 7.9 %

Shares of NXPI stock opened at $236.14 on Wednesday. The stock has a market cap of $60.38 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.77 and a beta of 1.49. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock has a 50 day simple moving average of $258.79 and a 200 day simple moving average of $255.51.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.38. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. NXP Semiconductors’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.04 EPS. On average, research analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s payout ratio is presently 37.40%.

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.