NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 4.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,642 shares of the semiconductor provider's stock after selling 2,062 shares during the period. Foster Victor Wealth Advisors LLC's holdings in NXP Semiconductors were worth $8,865,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $32,000. Smithfield Trust Co purchased a new position in NXP Semiconductors in the 4th quarter valued at about $32,000. Ameriflex Group Inc. purchased a new position in NXP Semiconductors in the 4th quarter valued at about $44,000. GoalVest Advisory LLC lifted its stake in NXP Semiconductors by 472.9% in the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after buying an additional 227 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its stake in NXP Semiconductors by 25.5% in the 4th quarter. Manchester Capital Management LLC now owns 389 shares of the semiconductor provider's stock valued at $81,000 after buying an additional 79 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NXPI shares. Evercore ISI raised their price target on shares of NXP Semiconductors from $237.00 to $289.00 and gave the company an "outperform" rating in a research note on Thursday. Truist Financial raised their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Mizuho raised their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research note on Monday, April 21st. Finally, UBS Group decreased their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, NXP Semiconductors currently has an average rating of "Moderate Buy" and a consensus target price of $244.78.

NXP Semiconductors Trading Down 3.0%

Shares of NXPI stock traded down $6.50 during trading on Friday, hitting $210.90. 1,839,860 shares of the stock traded hands, compared to its average volume of 2,729,182. The firm has a market capitalization of $53.28 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm's fifty day moving average price is $192.58 and its 200-day moving average price is $205.18. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm earned $3.24 EPS. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. As a group, research analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.92%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Insider Activity at NXP Semiconductors

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