Atria Wealth Solutions Inc. Sells 2,247 Shares of NXP Semiconductors (NASDAQ:NXPI)

Posted by Defense World Staff on Jun 8th, 2023

Atria Wealth Solutions Inc. lessened its stake in shares of NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 29.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,440 shares of the semiconductor provider’s stock after selling 2,247 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in NXP Semiconductors were worth $863,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NXPI. Vanguard Group Inc. increased 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 worth $1,997,635,000 after purchasing an additional 210,979 shares during the period. State Street Corp lifted its holdings in shares of NXP Semiconductors by 1.2% during the third quarter. State Street Corp now owns 9,891,666 shares of the semiconductor provider’s stock worth $1,467,249,000 after buying an additional 121,988 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of NXP Semiconductors by 5.6% in the third quarter. Alliancebernstein L.P. now owns 4,485,745 shares of the semiconductor provider’s stock valued at $661,692,000 after acquiring an additional 238,520 shares during the period. Pictet Asset Management SA grew its stake in shares of NXP Semiconductors by 7.0% in the third quarter. Pictet Asset Management SA now owns 4,125,366 shares of the semiconductor provider’s stock worth $608,533,000 after acquiring an additional 269,404 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in NXP Semiconductors by 0.5% during the third quarter. UBS Asset Management Americas Inc. now owns 2,025,846 shares of the semiconductor provider’s stock worth $298,833,000 after acquiring an additional 9,600 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NXPI shares. StockNews.com assumed coverage on shares of NXP Semiconductors in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Truist Financial upped their price target on NXP Semiconductors from $210.00 to $217.00 in a report on Wednesday, May 3rd. Mizuho lifted their price objective on NXP Semiconductors from $180.00 to $183.00 in a report on Wednesday, May 3rd. Citigroup cut their target price on NXP Semiconductors from $180.00 to $175.00 in a research note on Wednesday, May 3rd. Finally, Needham & Company LLC lifted their price target on shares of NXP Semiconductors from $235.00 to $250.00 in a research note on Tuesday, May 2nd. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $190.09.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 9,696 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $185.00, for a total transaction of $1,793,760.00. Following the transaction, the executive vice president now owns 500 shares of the company’s stock, valued at approximately $92,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other NXP Semiconductors news, EVP Christopher L. Jensen sold 9,696 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $185.00, for a total transaction of $1,793,760.00. Following the completion of the sale, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $92,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer Wuamett sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $166.52, for a total transaction of $2,497,800.00. Following the completion of the transaction, the executive vice president now directly owns 30,569 shares in the company, valued at approximately $5,090,349.88. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Up 2.9 %

NASDAQ NXPI opened at $186.45 on Thursday. The stock’s 50 day simple moving average is $172.47 and its 200 day simple moving average is $173.41. NXP Semiconductors has a one year low of $132.08 and a one year high of $197.71. The firm has a market cap of $48.38 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 0.70 and a beta of 1.50. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.75 and a quick ratio of 1.28.

NXP Semiconductors (NASDAQ:NXPI – Get Rating) last announced its earnings results on Monday, May 1st. The semiconductor provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.65 by $0.16. The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3 billion. NXP Semiconductors had a return on equity of 49.23% and a net margin of 20.81%. As a group, sell-side analysts forecast that NXP Semiconductors will post 11.79 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 14th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $4.06 annualized dividend and a dividend yield of 2.18%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.93%.

About NXP Semiconductors

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NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.