NXP Semiconductors (NASDAQ:NXPI) Shares Sold by AlphaCore Capital LLC

AlphaCore Capital LLC cut its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 70.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,580 shares of the semiconductor provider's stock after selling 3,706 shares during the period. AlphaCore Capital LLC's holdings in NXP Semiconductors were worth $330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sound Income Strategies LLC increased its position in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after purchasing an additional 88 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth about $32,000. Smithfield Trust Co acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth about $32,000. Asset Dedication LLC increased its position in shares of NXP Semiconductors by 126.6% during the fourth quarter. Asset Dedication LLC now owns 358 shares of the semiconductor provider's stock worth $74,000 after purchasing an additional 200 shares in the last quarter. Finally, Manchester Capital Management LLC increased its position in shares of NXP Semiconductors by 25.5% during the fourth quarter. Manchester Capital Management LLC now owns 389 shares of the semiconductor provider's stock worth $81,000 after purchasing an additional 79 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is owned by corporate insiders.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded down $6.40 during trading on Friday, hitting $189.49. 825,035 shares of the stock were exchanged, compared to its average volume of 2,676,391. The company has a fifty day moving average price of $187.52 and a two-hundred day moving average price of $206.56. The company has a market cap of $47.87 billion, a PE ratio of 19.45, a P/E/G ratio of 3.01 and a beta of 1.38. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The company's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.24 EPS. On average, analysts forecast that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is 44.12%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stifel Nicolaus cut their target price on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Citigroup dropped their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Truist Financial boosted their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Mizuho boosted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $246.22.

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.