Appleton Partners Inc. MA Sells 570 Shares of NXP Semiconductors (NASDAQ:NXPI)

Appleton Partners Inc. MA lessened its holdings in NXP Semiconductors (NASDAQ:NXPIFree Report) by 18.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,555 shares of the semiconductor provider’s stock after selling 570 shares during the period. Appleton Partners Inc. MA’s holdings in NXP Semiconductors were worth $633,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Nomura Holdings Inc. bought a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $3,695,000. HighPoint Advisor Group LLC purchased a new stake in NXP Semiconductors in the 4th quarter worth approximately $1,521,000. PNC Financial Services Group Inc. increased its holdings in NXP Semiconductors by 1.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 72,877 shares of the semiconductor provider’s stock worth $16,738,000 after acquiring an additional 989 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in NXP Semiconductors in the 4th quarter worth approximately $131,000. Finally, Vanguard Group Inc. increased its holdings in NXP Semiconductors by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock worth $2,529,129,000 after acquiring an additional 118,562 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the transaction, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by insiders.

NXP Semiconductors Stock Down 0.2 %

Shares of NXP Semiconductors stock traded down $0.61 during trading on Tuesday, hitting $270.65. 370,832 shares of the stock traded hands, compared to its average volume of 2,187,272. The firm has a market cap of $69.20 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.51 and a beta of 1.50. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $286.87. The stock’s fifty day simple moving average is $258.40 and its 200 day simple moving average is $239.82.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. On average, equities analysts predict that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be paid a $1.014 dividend. The ex-dividend date is Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.50%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Truist Financial increased their target price on shares of NXP Semiconductors from $265.00 to $291.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Evercore ISI increased their target price on shares of NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Needham & Company LLC increased their target price on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Cantor Fitzgerald increased their price objective on shares of NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. Finally, Wells Fargo & Company increased their price objective on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $267.80.

Check Out Our Latest Stock Report on NXPI

NXP Semiconductors Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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