Private Advisor Group LLC Sells 1,262 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Private Advisor Group LLC cut its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,666 shares of the semiconductor provider's stock after selling 1,262 shares during the period. Private Advisor Group LLC's holdings in NXP Semiconductors were worth $2,217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its stake in NXP Semiconductors by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock valued at $4,145,000 after purchasing an additional 58 shares during the last quarter. Keel Point LLC boosted its stake in NXP Semiconductors by 4.7% during the 4th quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock valued at $294,000 after purchasing an additional 64 shares during the last quarter. MV Capital Management Inc. boosted its stake in NXP Semiconductors by 10.4% during the 4th quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider's stock valued at $145,000 after purchasing an additional 66 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in NXP Semiconductors by 2.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,005 shares of the semiconductor provider's stock valued at $571,000 after purchasing an additional 67 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its stake in shares of NXP Semiconductors by 1.9% in the 4th quarter. DF Dent & Co. Inc. now owns 3,846 shares of the semiconductor provider's stock worth $799,000 after buying an additional 72 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Down 0.5%

NASDAQ NXPI traded down $1.14 during trading on Friday, hitting $223.29. 2,160,678 shares of the company's stock traded hands, compared to its average volume of 2,632,921. The stock has a fifty day moving average of $215.14 and a two-hundred day moving average of $206.52. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.74 and a quick ratio of 1.47. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $264.54. The firm has a market cap of $56.41 billion, a P/E ratio of 26.61, a PEG ratio of 2.55 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.72%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business posted $3.20 earnings per share. The company's revenue was down 6.4% on a year-over-year basis. As a group, sell-side analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.82%. NXP Semiconductors's dividend payout ratio is currently 48.39%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of research analyst reports. TD Cowen boosted their target price on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Barclays boosted their target price on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Tuesday. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a report on Monday, April 21st. Wells Fargo & Company lifted their price target on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, The Goldman Sachs Group started coverage on shares of NXP Semiconductors in a report on Thursday, July 10th. They issued a "buy" rating and a $276.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of "Moderate Buy" and a consensus target price of $256.05.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the sale, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. This represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company's stock.

NXP Semiconductors 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.