Kraft Davis & Associates LLC lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI – Free Report) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,148 shares of the semiconductor provider’s stock after purchasing an additional 76 shares during the period. Kraft Davis & Associates LLC’s holdings in NXP Semiconductors were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its position in shares of NXP Semiconductors by 13.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,316 shares of the semiconductor provider’s stock valued at $4,290,000 after acquiring an additional 2,100 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of NXP Semiconductors by 10.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 21,610 shares of the semiconductor provider’s stock valued at $5,354,000 after acquiring an additional 2,096 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in shares of NXP Semiconductors during the 1st quarter worth approximately $275,000. Evermay Wealth Management LLC increased its holdings in NXP Semiconductors by 14,300.0% in the 1st quarter. Evermay Wealth Management LLC now owns 288 shares of the semiconductor provider’s stock valued at $72,000 after purchasing an additional 286 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new position in shares of NXP Semiconductors during the first quarter worth $226,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. Loop Capital initiated coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price target on the stock. Morgan Stanley lowered their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group reduced their price target on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. Finally, UBS Group decreased their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $276.76.
Insider Transactions at NXP Semiconductors
In related news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This represents a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.
NXP Semiconductors Stock Performance
Shares of NASDAQ NXPI opened at $219.91 on Wednesday. The company has a 50-day simple moving average of $233.83 and a 200-day simple moving average of $252.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The company has a market cap of $55.89 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 4.36 and a beta of 1.49. NXP Semiconductors has a 12 month low of $198.00 and a 12 month high of $296.08.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.31 EPS. On average, equities analysts anticipate that NXP Semiconductors will post 11.37 earnings per share for the current year.
NXP Semiconductors Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.84%. NXP Semiconductors’s payout ratio is currently 38.74%.
About NXP Semiconductors
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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