Prosperity Consulting Group LLC Sells 1,927 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Prosperity Consulting Group LLC has reduced its stake in NXP Semiconductors N.V. by 34.6%, now holding 3,640 shares valued at approximately $692,000.
• NXP Semiconductors recently reported earnings of $2.72 per share, exceeding analysts' expectations, but experienced a 6.4% decrease in revenue year-over-year.
• Insider selling activity includes CFO William Betz and EVP Jennifer Wuamett, who significantly reduced their ownership stakes in the company.

Prosperity Consulting Group LLC trimmed its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 34.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,640 shares of the semiconductor provider's stock after selling 1,927 shares during the period. Prosperity Consulting Group LLC's holdings in NXP Semiconductors were worth $692,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NXPI. Ameriflex Group Inc. purchased a new stake in NXP Semiconductors in the 4th quarter valued at $44,000. Valley National Advisers Inc. increased its position in shares of NXP Semiconductors by 118.9% during the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after purchasing an additional 126 shares during the last quarter. Rossby Financial LCC bought a new position in shares of NXP Semiconductors during the 1st quarter worth $46,000. GoalVest Advisory LLC grew its stake in shares of NXP Semiconductors by 472.9% during the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after acquiring an additional 227 shares during the period. Finally, Cullen Frost Bankers Inc. grew its stake in shares of NXP Semiconductors by 112.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 316 shares of the semiconductor provider's stock worth $60,000 after acquiring an additional 167 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 1.8%

NXP Semiconductors stock traded down $3.85 during trading hours on Friday, reaching $209.92. The company had a trading volume of 2,554,398 shares, compared to its average volume of 3,034,678. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. The company has a 50-day moving average price of $216.49 and a 200 day moving average price of $206.91. The firm has a market cap of $52.93 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 2.49 and a beta of 1.40. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $259.74.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The business's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.20 EPS. Equities analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.9%. NXP Semiconductors's payout ratio is 48.39%.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the sale, the executive vice president directly owned 27,088 shares in the company, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the sale, the chief financial officer owned 1,520 shares in the company, valued at $345,556.80. This represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NXPI has been the subject of several research reports. UBS Group increased their price target on NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. TD Cowen raised 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 raised 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, July 22nd. Truist Financial raised their target price on NXP Semiconductors from $230.00 to $252.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, KGI Securities upgraded NXP Semiconductors to a "strong-buy" rating in a research note on Wednesday, July 23rd. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $256.05.

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.