First Trust Advisors LP Sells 34,314 Shares of NXP Semiconductors N.V. $NXPI

First Trust Advisors LP reduced its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 859,807 shares of the semiconductor provider’s stock after selling 34,314 shares during the quarter. First Trust Advisors LP owned approximately 0.34% of NXP Semiconductors worth $187,859,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Brown Lisle Cummings Inc. raised its stake in shares of NXP Semiconductors by 121.7% in the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 84 shares during the period. Hemington Wealth Management increased its holdings in NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 59 shares in the last quarter. True Wealth Design LLC increased its holdings in NXP Semiconductors by 375.6% in the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after acquiring an additional 154 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in NXP Semiconductors during the 2nd quarter worth approximately $43,000. Finally, Hilltop National Bank purchased a new position in NXP Semiconductors during the second quarter valued at approximately $44,000. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 8,372 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the sale, the executive vice president owned 19,175 shares of the company’s stock, valued at $3,969,416.75. This represents a 30.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, September 15th. The stock was sold at an average price of $216.21, for a total transaction of $216,210.00. Following the completion of the transaction, the executive vice president directly owned 6,828 shares of the company’s stock, valued at $1,476,281.88. The trade was a 12.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.12% of the company’s stock.

NXP Semiconductors Trading Down 0.6%

Shares of NXP Semiconductors stock opened at $226.16 on Friday. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $255.45. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $210.50 and a 200-day moving average price of $216.31. The firm has a market cap of $56.92 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 3.38 and a beta of 1.46.

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

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, December 10th. NXP Semiconductors’s payout ratio is currently 50.25%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Truist Financial upped their target price on shares of NXP Semiconductors from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $280.00 price target on shares of NXP Semiconductors in a report on Tuesday, October 28th. TD Cowen lowered their price objective on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $252.47.

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.