Buffington Mohr McNeal Sells 135 Shares of NXP Semiconductors (NASDAQ:NXPI)

Buffington Mohr McNeal lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,022 shares of the semiconductor provider’s stock after selling 135 shares during the period. Buffington Mohr McNeal’s holdings in NXP Semiconductors were worth $1,925,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in NXP Semiconductors by 62.8% in the first quarter. GAMMA Investing LLC now owns 1,120 shares of the semiconductor provider’s stock valued at $278,000 after buying an additional 432 shares in the last quarter. First Hawaiian Bank lifted its position in NXP Semiconductors by 4.6% in the 1st quarter. First Hawaiian Bank now owns 5,380 shares of the semiconductor provider’s stock valued at $1,333,000 after acquiring an additional 235 shares in the last quarter. Mather Group LLC. acquired a new position in NXP Semiconductors in the 1st quarter worth $105,000. Rise Advisors LLC bought a new position in NXP Semiconductors during the 1st quarter worth about $35,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of NXP Semiconductors by 17.7% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 465 shares of the semiconductor provider’s stock valued at $115,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 0.2 %

NXPI opened at $232.28 on Friday. The stock’s fifty day simple moving average is $239.73 and its 200 day simple moving average is $252.95. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08. The stock has a market cap of $59.39 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.58 and a beta of 1.49. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.38. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.04 earnings per share. As a group, research analysts expect that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.40%.

Insider Activity

In other news, insider Julie Southern purchased 146 shares of NXP Semiconductors stock in a transaction that occurred 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 purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’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 transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Julie Southern acquired 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, with a total value of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. TD Cowen decreased their price objective on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Oppenheimer raised their price target on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Needham & Company LLC boosted their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Morgan Stanley decreased their target price on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $290.65.

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.