My Legacy Advisors LLC Lowers Holdings in NXP Semiconductors (NASDAQ:NXPI)

My Legacy Advisors LLC lowered its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 15.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,797 shares of the semiconductor provider’s stock after selling 899 shares during the quarter. My Legacy Advisors LLC’s holdings in NXP Semiconductors were worth $1,151,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in NXP Semiconductors by 6.9% in the third quarter. Sequoia Financial Advisors LLC now owns 96,610 shares of the semiconductor provider’s stock valued at $23,187,000 after purchasing an additional 6,216 shares during the period. Telos Capital Management Inc. boosted its holdings in NXP Semiconductors by 2.4% in the 3rd quarter. Telos Capital Management Inc. now owns 53,211 shares of the semiconductor provider’s stock valued at $12,771,000 after purchasing an additional 1,237 shares in the last quarter. Precision Wealth Strategies LLC boosted its holdings in NXP Semiconductors by 18.6% in the 3rd quarter. Precision Wealth Strategies LLC now owns 1,476 shares of the semiconductor provider’s stock valued at $354,000 after purchasing an additional 232 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of NXP Semiconductors by 0.4% in the 3rd quarter. Whittier Trust Co. now owns 17,789 shares of the semiconductor provider’s stock worth $4,270,000 after acquiring an additional 69 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $108,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julie Southern bought 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Stock Performance

Shares of NXPI traded up $0.42 during mid-day trading on Tuesday, hitting $230.57. 925,278 shares of the company traded hands, compared to its average volume of 2,250,946. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The stock has a 50-day moving average price of $239.36 and a two-hundred day moving average price of $252.94. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The stock has a market cap of $58.95 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 2.63 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.04 earnings per share. Equities analysts anticipate that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NXPI. Cantor Fitzgerald reduced their price target on NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. TD Cowen lowered their target price on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Needham & Company LLC lifted their price target on NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, The Goldman Sachs Group cut their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $288.90.

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.