Marco Investment Management LLC Purchases 2,177 Shares of NXP Semiconductors (NASDAQ:NXPI)

Marco Investment Management LLC boosted its position in NXP Semiconductors (NASDAQ:NXPI) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,525 shares of the semiconductor provider’s stock after acquiring an additional 2,177 shares during the quarter. NXP Semiconductors accounts for approximately 1.6% of Marco Investment Management LLC’s portfolio, making the stock its 22nd largest holding. Marco Investment Management LLC’s holdings in NXP Semiconductors were worth $18,127,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Family Firm Inc. purchased a new position in shares of NXP Semiconductors in the second quarter worth about $27,000. Addison Advisors LLC increased its holdings 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 worth $29,000 after buying an additional 74 shares during the period. Valley National Advisers Inc. increased its holdings in shares of NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 52 shares during the period. Beacon Capital Management LLC increased its holdings in shares of NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 40 shares during the period. Finally, Fortitude Family Office LLC increased its holdings in shares of NXP Semiconductors by 615.0% in the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after buying an additional 123 shares during the period. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on NXPI shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a report on Monday, November 4th. Mizuho set a $290.00 price target on NXP Semiconductors in a report on Friday, October 18th. TD Cowen reduced their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Stifel Nicolaus reduced their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Finally, Barclays reduced their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.14.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $226.38 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average price is $233.53 and its 200-day moving average price is $251.46. NXP Semiconductors has a 52 week low of $198.00 and a 52 week high of $296.08. The stock has a market cap of $57.54 billion, a P/E ratio of 21.60, a P/E/G ratio of 4.51 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the firm posted $3.31 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities research analysts anticipate that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be given a $1.014 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.79%. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

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.