Concurrent Investment Advisors LLC Sells 241 Shares of NXP Semiconductors (NASDAQ:NXPI)

Concurrent Investment Advisors LLC trimmed its position in NXP Semiconductors (NASDAQ:NXPI) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,038 shares of the semiconductor provider’s stock after selling 241 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in NXP Semiconductors were worth $1,929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. Family Firm Inc. purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at $27,000. Addison Advisors LLC lifted its position in shares of NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 74 shares in the last quarter. Valley National Advisers Inc. grew its position in shares of NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Fortitude Family Office LLC grew its position in shares of NXP Semiconductors by 615.0% during the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after purchasing an additional 123 shares in the last quarter. Finally, Beacon Capital Management LLC raised its stake in 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. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 2.0 %

NASDAQ:NXPI opened at $236.12 on Friday. The company has a market cap of $60.15 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49. NXP Semiconductors has a twelve month low of $179.64 and a twelve month high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $236.43 and a 200-day simple moving average of $253.19.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 34.11%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.31 EPS. Analysts anticipate that NXP Semiconductors will post 11.94 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.72%. NXP Semiconductors’s payout ratio is currently 38.74%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research analyst reports. Morgan Stanley cut their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday. Citic Securities started coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 target price for the company. Evercore ISI reduced their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday. Oppenheimer cut their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Needham & Company LLC decreased their target price on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $276.85.

NXP Semiconductors Company 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.