B. Riley Wealth Advisors Inc. Decreases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

B. Riley Wealth Advisors Inc. decreased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 9.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,519 shares of the semiconductor provider’s stock after selling 963 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in NXP Semiconductors were worth $2,571,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Drive Wealth Management LLC boosted its stake in shares of NXP Semiconductors by 4.3% in the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock worth $257,000 after buying an additional 39 shares during the last quarter. Beacon Capital Management LLC grew its stake in shares of NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after purchasing an additional 40 shares during the period. Patten Group Inc. increased its position in shares of NXP Semiconductors by 1.2% during the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after purchasing an additional 42 shares during the last quarter. West Paces Advisors Inc. lifted its stake in shares of NXP Semiconductors by 3.1% in the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after purchasing an additional 45 shares during the period. Finally, Octavia Wealth Advisors LLC boosted its holdings in shares of NXP Semiconductors by 5.4% in the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock worth $238,000 after buying an additional 45 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 3.2 %

Shares of NXPI stock opened at $232.22 on Wednesday. The company has a market cap of $59.37 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.51 and a beta of 1.49. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The stock’s 50 day simple moving average is $242.30 and its two-hundred day simple moving average is $253.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.38. The company 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 35.65% and a net margin of 21.21%. NXP Semiconductors’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.04 EPS. Research analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a dividend of $1.014 per share. The ex-dividend date is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.75%. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

Analysts Set New Price Targets

A number of brokerages have commented on NXPI. Stifel Nicolaus upped their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Oppenheimer raised their target price on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Needham & Company LLC lifted their target price on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Citigroup upped their price target on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $294.89.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

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.