Atria Investments Inc Sells 502 Shares of NXP Semiconductors (NASDAQ:NXPI)

Atria Investments Inc reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 22,986 shares of the semiconductor provider’s stock after selling 502 shares during the period. Atria Investments Inc’s holdings in NXP Semiconductors were worth $5,695,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NXPI. Future Financial Wealth Managment LLC purchased a new position in NXP Semiconductors in the 1st quarter worth $25,000. FinTrust Capital Advisors LLC raised its position in NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares during the period. LifeSteps Financial Inc. purchased a new position in NXP Semiconductors in the 1st quarter worth $30,000. Valley National Advisers Inc. raised its position in NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares during the period. Finally, ICA Group Wealth Management LLC purchased a new position in NXP Semiconductors in the 4th quarter worth $33,000. 90.54% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Julie Southern bought 146 shares of NXP Semiconductors stock in a transaction on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NXPI shares. Mizuho upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $265.00 to $325.00 in a research report on Friday, May 24th. UBS Group boosted their price objective on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Truist Financial decreased their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Wells Fargo & Company boosted their price objective on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $350.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Stock Down 2.4 %

Shares of NASDAQ NXPI traded down $5.87 during midday trading on Friday, hitting $237.75. The stock had a trading volume of 4,567,156 shares, compared to its average volume of 2,667,396. The business’s 50 day moving average is $269.97 and its 200-day moving average is $251.06. The company has a market cap of $60.56 billion, a P/E ratio of 21.95, a PEG ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.38. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.04 earnings per share. As a group, analysts predict that NXP Semiconductors will post 12 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 annualized dividend and a dividend yield of 1.71%. NXP Semiconductors’s payout ratio is 37.49%.

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.