Austin Private Wealth LLC Sells 300 Shares of NXP Semiconductors (NASDAQ:NXPI)

Austin Private Wealth LLC cut its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 17.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,451 shares of the semiconductor provider’s stock after selling 300 shares during the period. Austin Private Wealth LLC’s holdings in NXP Semiconductors were worth $333,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NXPI. Cibc World Market Inc. increased its position in shares of NXP Semiconductors by 6.3% in the first quarter. Cibc World Market Inc. now owns 29,411 shares of the semiconductor provider’s stock valued at $5,443,000 after acquiring an additional 1,732 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of NXP Semiconductors by 5.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 390,891 shares of the semiconductor provider’s stock worth $72,356,000 after purchasing an additional 21,672 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of NXP Semiconductors by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 6,332 shares of the semiconductor provider’s stock worth $1,172,000 after purchasing an additional 325 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of NXP Semiconductors by 21.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,406 shares of the semiconductor provider’s stock worth $445,000 after purchasing an additional 417 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of NXP Semiconductors by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock valued at $1,997,635,000 after buying an additional 210,979 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Up 0.9 %

Shares of NXP Semiconductors stock opened at $247.77 on Friday. NXP Semiconductors has a 52-week low of $155.31 and a 52-week high of $264.26. The stock has a market cap of $63.54 billion, a PE ratio of 23.13, a PEG ratio of 0.93 and a beta of 1.60. The firm has a 50-day moving average of $235.04 and a 200-day moving average of $213.99. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. As a group, sell-side analysts forecast that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.64%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NXPI. Stifel Nicolaus upped their price target on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a report on Monday, March 4th. JPMorgan Chase & Co. lifted their price target on NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Susquehanna boosted their price target on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, Oppenheimer raised their price objective on NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $238.75.

Insider Activity

In related news, EVP Jennifer Wuamett sold 2,120 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $227.26, for a total value of $481,791.20. Following the transaction, the executive vice president now owns 38,229 shares in the company, valued at $8,687,922.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.