Focus Partners Wealth Trims Position in NXP Semiconductors (NASDAQ:NXPI)

Focus Partners Wealth trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 51.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,127 shares of the semiconductor provider's stock after selling 56,116 shares during the period. Focus Partners Wealth's holdings in NXP Semiconductors were worth $11,413,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of NXPI. Czech National Bank boosted its holdings in shares of NXP Semiconductors by 6.2% during the 4th quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider's stock worth $11,454,000 after buying an additional 3,216 shares in the last quarter. Cullen Investment Group LTD. boosted its holdings in shares of NXP Semiconductors by 3.6% during the 4th quarter. Cullen Investment Group LTD. now owns 9,835 shares of the semiconductor provider's stock worth $2,044,000 after buying an additional 341 shares in the last quarter. Greenfield Savings Bank bought a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $259,000. 180 Wealth Advisors LLC boosted its holdings in shares of NXP Semiconductors by 4.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 16,686 shares of the semiconductor provider's stock worth $3,468,000 after buying an additional 745 shares in the last quarter. Finally, Tlwm lifted its holdings in shares of NXP Semiconductors by 3.9% in the 4th quarter. Tlwm now owns 4,079 shares of the semiconductor provider's stock worth $848,000 after purchasing an additional 153 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The stock was 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 of the company's stock, valued at approximately $1,808,504.08. This trade represents a 10.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NXPI. Needham & Company LLC cut their target price on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Barclays cut their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a report on Monday, April 21st. Stifel Nicolaus cut their target price on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, Citigroup cut their target price on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, April 11th. 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.com, NXP Semiconductors has an average rating of "Moderate Buy" and an average price target of $246.22.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded up $1.83 during mid-day trading on Friday, reaching $212.56. 2,093,686 shares of the company's stock were exchanged, compared to its average volume of 2,636,443. The firm has a market capitalization of $53.70 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. 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 has a 50-day moving average price of $188.44 and a two-hundred day moving average price of $209.00.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping 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 31.45% and a net margin of 19.90%. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.24 EPS. Analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's payout ratio is 44.12%.

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.