Wealth Enhancement Advisory Services LLC Cuts Stake in NXP Semiconductors N.V. (NASDAQ:NXPI)

Wealth Enhancement Advisory Services LLC reduced its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,291 shares of the semiconductor provider's stock after selling 2,075 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in NXP Semiconductors were worth $6,138,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of NXP Semiconductors by 133.5% in 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. Motco grew its position in shares of NXP Semiconductors by 2.6% in the 4th quarter. Motco now owns 27,673 shares of the semiconductor provider's stock valued at $5,752,000 after buying an additional 711 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in NXP Semiconductors by 2,997.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,301 shares of the semiconductor provider's stock worth $270,000 after purchasing an additional 1,259 shares during the period. Generali Asset Management SPA SGR acquired a new stake in NXP Semiconductors during the 4th quarter worth $2,059,000. Finally, Long Run Wealth Advisors LLC boosted its stake in NXP Semiconductors by 10.6% during the 1st quarter. Long Run Wealth Advisors LLC now owns 17,608 shares of the semiconductor provider's stock worth $3,347,000 after purchasing an additional 1,692 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXPI has been the subject of several recent analyst reports. UBS Group reduced their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Barclays dropped their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus lowered their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, Wells Fargo & Company lifted their price target on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, June 16th. Four equities 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $244.78.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $218.51 on Wednesday. The stock's 50-day moving average price is $198.38 and its two-hundred day moving average price is $204.58. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The company has a market cap of $55.20 billion, a PE ratio of 23.80, a PEG ratio of 2.63 and a beta of 1.39. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the company earned $3.24 EPS. The firm's quarterly revenue was down 9.3% on a year-over-year basis. On average, analysts predict 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 given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.86%. NXP Semiconductors's payout ratio is currently 44.23%.

About NXP Semiconductors

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.