Cambridge Advisors Inc. lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI – Free Report) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,850 shares of the semiconductor provider’s stock after selling 300 shares during the quarter. Cambridge Advisors Inc.’s holdings in NXP Semiconductors were worth $684,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of NXP Semiconductors during the 1st quarter worth approximately $25,000. Family Firm Inc. purchased a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $27,000. Addison Advisors LLC increased its stake in shares of NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares during the last quarter. Valley National Advisers Inc. increased its stake in shares of NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 52 shares during the last quarter. Finally, Beacon Capital Management LLC increased 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 worth $37,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Stock Up 1.2 %
Shares of NASDAQ:NXPI opened at $239.06 on Friday. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The firm has a fifty day moving average of $238.88 and a 200 day moving average of $252.76. The firm has a market capitalization of $60.90 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21.
NXP Semiconductors Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.70%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.94%.
Analysts Set New Price Targets
A number of research firms recently weighed in on NXPI. The Goldman Sachs Group reduced their price objective on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Citic Securities started coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 target price on the stock. TD Cowen lowered their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Oppenheimer boosted their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Finally, Barclays boosted their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $288.90.
Get Our Latest Research Report on NXP Semiconductors
Insider Buying and Selling at NXP Semiconductors
In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the business’s stock in a transaction on 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 directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the business’s stock in a transaction on 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 directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
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.
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