Cambridge Investment Research Advisors Inc. Sells 217 Shares of NXP Semiconductors (NASDAQ:NXPI)

Cambridge Investment Research Advisors Inc. decreased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,597 shares of the semiconductor provider’s stock after selling 217 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in NXP Semiconductors were worth $2,180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Kistler Tiffany Companies LLC increased its stake in shares of NXP Semiconductors by 6.2% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 856 shares of the semiconductor provider’s stock valued at $176,000 after purchasing an additional 50 shares during the last quarter. Reilly Financial Advisors LLC grew its position in NXP Semiconductors by 0.5% during the 2nd quarter. Reilly Financial Advisors LLC now owns 11,366 shares of the semiconductor provider’s stock worth $2,338,000 after acquiring an additional 62 shares during the last quarter. Parallel Advisors LLC grew its position in NXP Semiconductors by 10.5% during the 2nd quarter. Parallel Advisors LLC now owns 662 shares of the semiconductor provider’s stock worth $136,000 after acquiring an additional 63 shares during the last quarter. Keybank National Association OH grew its position in NXP Semiconductors by 2.7% during the 1st quarter. Keybank National Association OH now owns 2,541 shares of the semiconductor provider’s stock worth $512,000 after acquiring an additional 68 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC grew its position in NXP Semiconductors by 56.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 189 shares of the semiconductor provider’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 90.75% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Truist Securities boosted their price objective on NXP Semiconductors from $233.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, August 4th. Deutsche Bank Aktiengesellschaft lifted their target price on NXP Semiconductors from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, August 4th. Barclays lifted their target price on NXP Semiconductors from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, August 4th. KeyCorp lifted their target price on NXP Semiconductors from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, August 3rd. Finally, Mizuho downgraded NXP Semiconductors from a “buy” rating to a “neutral” rating and cut their target price for the stock from $225.00 to $220.00 in a report on Thursday, July 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $222.31.

Shares of NXP Semiconductors stock opened at $216.67 on Friday. NXP Semiconductors has a one year low of $117.25 and a one year high of $228.72. The firm has a market capitalization of $57.45 billion, a price-to-earnings ratio of 59.04, a PEG ratio of 2.35 and a beta of 1.40. The business has a 50-day simple moving average of $209.78 and a 200 day simple moving average of $203.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.27 and a quick ratio of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, August 2nd. The semiconductor provider reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.05. NXP Semiconductors had a return on equity of 25.80% and a net margin of 10.44%. The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.58 billion. On average, sell-side analysts expect that NXP Semiconductors will post 9.03 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 6th. Investors of record on Wednesday, September 15th will be given a $0.563 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, September 14th. NXP Semiconductors’s payout ratio is 33.19%.

In other NXP Semiconductors news, CFO Peter Kelly sold 127,345 shares of the business’s stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $225.05, for a total transaction of $28,658,992.25. Following the completion of the sale, the chief financial officer now directly owns 65,810 shares of the company’s stock, valued at approximately $14,810,540.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer Wuamett sold 4,916 shares of the business’s stock in a transaction that occurred on Friday, August 6th. The stock was sold at an average price of $211.69, for a total value of $1,040,668.04. Following the sale, the executive vice president now directly owns 41,753 shares of the company’s stock, valued at $8,838,692.57. The disclosure for this sale can be found here. Insiders sold a total of 183,305 shares of company stock valued at $40,960,161 over the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

About NXP Semiconductors

NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. It focuses on high performance mixed signal (HMPS), which delivers high performance mixed signal solutions to its customers to satisfy their system and sub-systems needs across the application areas such as automotive, identification, mobile, consumer, computing, wireless infrastructure, lighting and industrial, and software solutions for mobile phones.

Further Reading: What can cause a stock to outperform?

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

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