Financial Gravity Wealth Inc. trimmed its holdings in NXP Semiconductors NV (NASDAQ:NXPI) by 16.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 554 shares of the semiconductor provider’s stock after selling 106 shares during the quarter. Financial Gravity Wealth Inc.’s holdings in NXP Semiconductors were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Covenant Multifamily Offices LLC acquired a new position in shares of NXP Semiconductors in the first quarter valued at $25,000. Global Trust Asset Management LLC acquired a new position in shares of NXP Semiconductors in the second quarter valued at $26,000. Liberty Wealth Management LLC raised its stake in shares of NXP Semiconductors by 5,050.0% in the first quarter. Liberty Wealth Management LLC now owns 309 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 303 shares in the last quarter. Citizens Financial Group Inc RI raised its stake in shares of NXP Semiconductors by 56.3% in the first quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock valued at $32,000 after purchasing an additional 129 shares in the last quarter. Finally, Essex Savings Bank acquired a new position in shares of NXP Semiconductors in the first quarter valued at $35,000. 76.02% of the stock is owned by institutional investors.
NXP Semiconductors stock opened at $99.88 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.82 and a debt-to-equity ratio of 0.79. The business’s fifty day moving average is $98.99. NXP Semiconductors NV has a 52-week low of $67.62 and a 52-week high of $108.51. The firm has a market capitalization of $33.65 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 1.29 and a beta of 1.26.In other NXP Semiconductors news, Chairman Peter L. Bonfield sold 10,000 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $98.36, for a total transaction of $983,600.00. Following the completion of the transaction, the chairman now directly owns 24,404 shares in the company, valued at $2,400,377.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of research analysts recently commented on NXPI shares. Evercore ISI upgraded NXP Semiconductors from an “in-line” rating to an “outperform” rating and upped their target price for the company from $110.00 to $125.00 in a research note on Monday, July 29th. Zacks Investment Research lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. BidaskClub lowered NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Tuesday. Bank of America restated a “buy” rating and issued a $125.00 target price (up from $105.00) on shares of NXP Semiconductors in a research note on Wednesday, May 1st. Finally, Morgan Stanley upped their target price on NXP Semiconductors from $114.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. NXP Semiconductors has a consensus rating of “Buy” and a consensus price target of $104.44.
NXP Semiconductors Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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