NXP Semiconductors N.V. (NASDAQ:NXPI) Holdings Decreased by Smith Salley Wealth Management

Smith Salley Wealth Management lessened its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 15.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,293 shares of the semiconductor provider's stock after selling 15,309 shares during the quarter. Smith Salley Wealth Management's holdings in NXP Semiconductors were worth $15,641,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NXPI. Sowell Financial Services LLC purchased a new position in shares of NXP Semiconductors during the 1st quarter valued at approximately $320,000. Dynamic Advisor Solutions LLC boosted its stake in shares of NXP Semiconductors by 15.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock valued at $1,004,000 after buying an additional 698 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of NXP Semiconductors by 133.5% during the 1st quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock valued at $409,000 after buying an additional 1,231 shares during the last quarter. BDF Gestion purchased a new position in shares of NXP Semiconductors during the 1st quarter valued at approximately $1,152,000. Finally, Spire Wealth Management boosted its stake in shares of NXP Semiconductors by 34.4% during the 1st quarter. Spire Wealth Management now owns 1,267 shares of the semiconductor provider's stock valued at $241,000 after buying an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

NXPI stock traded up $1.59 during mid-day trading on Thursday, reaching $232.74. The company had a trading volume of 1,298,872 shares, compared to its average volume of 2,746,970. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $58.80 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.76 and a beta of 1.40. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $296.08. The stock's 50-day simple moving average is $204.09 and its two-hundred day simple moving average is $204.74.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the business posted $3.24 earnings per share. Research analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's payout ratio is 44.23%.

Analyst Upgrades and Downgrades

NXPI has been the subject of several research analyst reports. Evercore ISI reiterated an "outperform" rating and set a $289.00 target price (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Wells Fargo & Company increased their target price on NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Needham & Company LLC reduced their target price on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Stifel Nicolaus reduced their target price on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $246.22.

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.