NXP Semiconductors (NASDAQ:NXPI) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 27.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 478 shares of the semiconductor provider’s stock after selling 184 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $99,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Sequoia Financial Advisors LLC grew its position in shares of NXP Semiconductors by 5.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 102,127 shares of the semiconductor provider’s stock valued at $21,227,000 after purchasing an additional 5,517 shares during the last quarter. HighTower Advisors LLC grew its position in shares of NXP Semiconductors by 3.9% in the fourth quarter. HighTower Advisors LLC now owns 200,289 shares of the semiconductor provider’s stock valued at $41,630,000 after purchasing an additional 7,605 shares during the last quarter. Moors & Cabot Inc. acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $282,000. Natural Investments LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $308,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $317,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on NXPI. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their target price for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th. Stifel Nicolaus decreased their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price on the stock. Finally, Barclays decreased their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $267.00.

Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $207.10 on Wednesday. The company’s fifty day simple moving average is $215.77 and its 200-day simple moving average is $223.71. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a market cap of $52.52 billion, a PE ratio of 21.28, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s payout ratio is 41.62%.

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.