Marshall Financial Group LLC Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Marshall Financial Group LLC boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.0% during the third quarter, Holdings Channel.com reports. The firm owned 5,084 shares of the semiconductor provider’s stock after buying an additional 101 shares during the quarter. Marshall Financial Group LLC’s holdings in NXP Semiconductors were worth $1,220,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after purchasing an additional 1,909,898 shares during the period. Ameriprise Financial Inc. increased its position in shares of NXP Semiconductors by 5.1% during the second quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock valued at $653,567,000 after acquiring an additional 118,366 shares during the last quarter. Legal & General Group Plc increased its position in shares of NXP Semiconductors by 1.6% during the second quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock valued at $611,336,000 after acquiring an additional 35,104 shares during the last quarter. Van ECK Associates Corp increased its position in shares of NXP Semiconductors by 10.6% during the second quarter. Van ECK Associates Corp now owns 1,818,393 shares of the semiconductor provider’s stock valued at $489,312,000 after acquiring an additional 173,697 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of NXP Semiconductors by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock valued at $412,628,000 after acquiring an additional 80,087 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’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 completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $232.28 on Friday. The company has a market capitalization of $59.39 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.58 and a beta of 1.49. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The stock has a 50 day moving average price of $239.73 and a 200 day moving average price of $252.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the business posted $3.04 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. Research analysts predict that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. 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%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NXPI. The Goldman Sachs Group dropped their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Morgan Stanley dropped their price target 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. Citic Securities initiated coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price target for the company. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Barclays lifted their price objective 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 research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.