NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. increased its position in NXP Semiconductors (NASDAQ:NXPI) by 1.7% during the third quarter, HoldingsChannel.com reports. The fund owned 23,574 shares of the semiconductor provider’s stock after acquiring an additional 385 shares during the quarter. NXP Semiconductors accounts for approximately 1.1% of Laffer Tengler Investments Inc.’s holdings, making the stock its 27th largest holding. Laffer Tengler Investments Inc.’s holdings in NXP Semiconductors were worth $5,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in NXP Semiconductors during the second quarter worth $27,000. Addison Advisors LLC boosted its position in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 74 shares in the last quarter. Valley National Advisers Inc. grew its stake in NXP Semiconductors by 71.2% in the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 52 shares during the last quarter. Fortitude Family Office LLC increased its holdings in NXP Semiconductors by 615.0% during the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after acquiring an additional 123 shares in the last quarter. Finally, Beacon Capital Management LLC increased its holdings in NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NXPI has been the topic of several research reports. Citic Securities began coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price target on the stock. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Citigroup boosted their price target on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a report on Monday, July 15th. UBS Group decreased their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen 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 an average price target of $275.60.

NXP Semiconductors Trading Down 3.1 %

Shares of NASDAQ:NXPI traded down $7.22 during trading on Monday, reaching $226.67. 315,769 shares of the stock were exchanged, compared to its average volume of 2,288,416. The firm’s 50-day moving average price is $235.72 and its 200 day moving average price is $253.50. The firm has a market cap of $57.61 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 4.30 and a beta of 1.49. NXP Semiconductors has a 12-month low of $181.96 and a 12-month high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.52 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the firm earned $3.31 earnings per share. NXP Semiconductors’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that NXP Semiconductors will post 11.43 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.79%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 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.