Prospera Financial Services Inc Sells 168 Shares of NXP Semiconductors (NASDAQ:NXPI)

Prospera Financial Services Inc decreased its position in NXP Semiconductors (NASDAQ:NXPI) by 0.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,886 shares of the semiconductor provider’s stock after selling 168 shares during the period. Prospera Financial Services Inc’s holdings in NXP Semiconductors were worth $4,541,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. GDS Wealth Management grew its holdings in NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after acquiring an additional 3,985 shares during the last quarter. Mather Group LLC. grew its stake in shares of NXP Semiconductors by 23.3% in the second quarter. Mather Group LLC. now owns 566 shares of the semiconductor provider’s stock worth $140,000 after purchasing an additional 107 shares during the last quarter. Mackenzie Financial Corp increased its holdings in NXP Semiconductors by 21.1% during the 2nd quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock valued at $41,519,000 after purchasing an additional 26,851 shares during the period. Principal Financial Group Inc. raised its position in NXP Semiconductors by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after purchasing an additional 5,722 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in NXP Semiconductors by 63.6% in the 3rd quarter. Fiera Capital Corp now owns 6,001 shares of the semiconductor provider’s stock worth $1,440,000 after buying an additional 2,332 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $219.91 on Wednesday. The firm has a market cap of $55.89 billion, a P/E ratio of 20.98, a PEG ratio of 4.36 and a beta of 1.49. NXP Semiconductors has a twelve month low of $198.00 and a twelve month high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average of $233.83 and a 200 day moving average of $252.16.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the company posted $3.31 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, research analysts expect that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.84%. NXP Semiconductors’s payout ratio is 38.74%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several research analyst reports. Needham & Company LLC reduced their target price on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. TD Cowen dropped their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Morgan Stanley reduced their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. UBS Group lowered their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their target price on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $276.76.

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.