NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Shorepoint Capital Partners LLC

Shorepoint Capital Partners LLC trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 28.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,168 shares of the semiconductor provider's stock after selling 7,268 shares during the period. Shorepoint Capital Partners LLC's holdings in NXP Semiconductors were worth $3,776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. ORG Wealth Partners LLC lifted its stake in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after purchasing an additional 119 shares during the period. Sound Income Strategies LLC lifted its stake in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after purchasing an additional 88 shares during the period. Runnymede Capital Advisors Inc. acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $32,000. Smithfield Trust Co acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $32,000. Finally, Brooklyn Investment Group lifted its stake in shares of NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 66 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of research analyst reports. Susquehanna reduced their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Cantor Fitzgerald reissued an "overweight" rating and issued a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. TD Cowen increased their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Needham & Company LLC decreased their target price on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday. Four 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $252.85.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded up $1.69 on Wednesday, hitting $184.31. The company had a trading volume of 3,209,560 shares, compared to its average volume of 2,601,469. 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 has a 52-week low of $148.09 and a 52-week high of $296.08. The business has a 50 day moving average of $194.84 and a 200 day moving average of $212.35. The company has a market cap of $46.74 billion, a PE ratio of 18.94, a PEG ratio of 3.01 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the business earned $3.24 earnings per share. The business's revenue was down 9.3% on a year-over-year basis. As a group, equities analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.20%. NXP Semiconductors's payout ratio is currently 41.62%.

Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction on 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 transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.11% of the company's stock.

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.