Prosperity Consulting Group LLC Decreases Holdings in NXP Semiconductors (NASDAQ:NXPI)

Prosperity Consulting Group LLC trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,567 shares of the semiconductor provider's stock after selling 2,541 shares during the quarter. Prosperity Consulting Group LLC's holdings in NXP Semiconductors were worth $1,157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NXPI. Merit Financial Group LLC purchased a new position in shares of NXP Semiconductors in the 4th quarter worth about $360,000. Strategic Financial Concepts LLC purchased a new position in shares of NXP Semiconductors in the 4th quarter worth about $46,000. Austin Private Wealth LLC boosted its holdings in shares of NXP Semiconductors by 140.6% in the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider's stock worth $665,000 after purchasing an additional 1,869 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of NXP Semiconductors by 2.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider's stock worth $21,068,000 after purchasing an additional 2,609 shares in the last quarter. Finally, Czech National Bank boosted its holdings in NXP Semiconductors by 6.2% during the 4th quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider's stock valued at $11,454,000 after acquiring an additional 3,216 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

NXP Semiconductors stock traded up $1.69 during midday trading on Wednesday, hitting $184.31. The stock had a trading volume of 3,209,560 shares, compared to its average volume of 2,601,469. The firm's fifty day moving average is $194.84 and its two-hundred day moving average is $212.35. The company has a market capitalization of $46.74 billion, a PE ratio of 18.94, a P/E/G ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the firm posted $3.24 EPS. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. On average, research analysts forecast that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is currently 41.62%.

Wall Street Analyst Weigh In

A number of research firms have commented on NXPI. Citigroup lowered their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research report on Friday, April 11th. TD Cowen raised their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday. Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Tuesday. Truist Financial upped their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Arete Research upgraded shares of 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, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus price target of $252.85.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.11% 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.