WealthShield Partners LLC Acquires 3,116 Shares of NXP Semiconductors N.V. $NXPI

WealthShield Partners LLC raised its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 23.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 16,210 shares of the semiconductor provider’s stock after purchasing an additional 3,116 shares during the period. WealthShield Partners LLC’s holdings in NXP Semiconductors were worth $3,692,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NXPI. CNB Bank purchased a new position in NXP Semiconductors during the third quarter valued at approximately $28,000. Brown Lisle Cummings Inc. boosted its position in NXP Semiconductors by 121.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 84 shares in the last quarter. Delos Wealth Advisors LLC purchased a new stake in shares of NXP Semiconductors during the 2nd quarter worth $35,000. True Wealth Design LLC lifted its position in shares of NXP Semiconductors by 375.6% during the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock valued at $43,000 after buying an additional 154 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NXPI. Evercore ISI upped their price target on NXP Semiconductors from $289.00 to $292.00 in a research report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a report on Thursday. Morgan Stanley reissued an “overweight” rating on shares of NXP Semiconductors in a report on Friday, January 16th. Finally, Sanford C. Bernstein set a $220.00 target price on shares of NXP Semiconductors and gave the company a “market perform” rating in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $259.29.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 12,425 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $220.94, for a total value of $2,745,179.50. Following the transaction, the executive vice president directly owned 11,811 shares of the company’s stock, valued at approximately $2,609,522.34. This trade represents a 51.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher L. Jensen sold 2,300 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total transaction of $524,791.00. Following the sale, the executive vice president directly owned 9,965 shares of the company’s stock, valued at approximately $2,273,714.05. This represents a 18.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 23,097 shares of company stock worth $5,003,058. 0.12% of the stock is owned by corporate insiders.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $232.48 on Monday. The company’s fifty day moving average price is $221.27 and its 200 day moving average price is $221.02. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $255.45. The stock has a market capitalization of $58.51 billion, a P/E ratio of 28.77, a P/E/G ratio of 2.91 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the firm posted $3.45 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. NXP Semiconductors’s payout ratio is currently 50.25%.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.