Prospera Financial Services Inc Reduces Position in NXP Semiconductors (NASDAQ:NXPI)

Prospera Financial Services Inc trimmed its stake in NXP Semiconductors (NASDAQ:NXPI) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,886 shares of the semiconductor provider’s stock after selling 168 shares during the period. Prospera Financial Services Inc’s holdings in NXP Semiconductors were worth $4,541,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in NXP Semiconductors by 67.2% in the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after buying an additional 1,222,736 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of NXP Semiconductors by 5.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock valued at $653,567,000 after acquiring an additional 118,366 shares during the period. Legal & General Group Plc increased its holdings in NXP Semiconductors by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock worth $611,336,000 after acquiring an additional 35,104 shares in the last quarter. Bank of New York Mellon Corp raised its stake in NXP Semiconductors by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock worth $412,628,000 after acquiring an additional 80,087 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in NXP Semiconductors by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,086,245 shares of the semiconductor provider’s stock valued at $292,246,000 after purchasing an additional 127,607 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Down 0.1 %

Shares of NXPI stock opened at $219.91 on Wednesday. The company has a market cap of $55.89 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 4.36 and a beta of 1.49. NXP Semiconductors has a 1 year low of $198.00 and a 1 year high of $296.08. The stock’s 50 day simple moving average is $233.83 and its two-hundred day simple moving average is $252.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. NXP Semiconductors’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.31 EPS. Research analysts predict that NXP Semiconductors will post 11.37 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.84%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction dated 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 $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NXPI shares. The Goldman Sachs Group reduced their price objective on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Truist Financial decreased their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. Morgan Stanley cut their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Finally, Mizuho set a $290.00 price target on NXP Semiconductors in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $276.76.

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.