Net Worth Advisory Group Makes New $605,000 Investment in NXP Semiconductors (NASDAQ:NXPI)

Net Worth Advisory Group bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,522 shares of the semiconductor provider’s stock, valued at approximately $605,000.

A number of other large investors also recently modified their holdings of NXPI. Claro Advisors LLC raised its stake in NXP Semiconductors by 3,085.0% during the 3rd quarter. Claro Advisors LLC now owns 51,883 shares of the semiconductor provider’s stock valued at $12,452,000 after acquiring an additional 50,254 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of NXP Semiconductors by 2.2% during the third quarter. V Square Quantitative Management LLC now owns 4,714 shares of the semiconductor provider’s stock valued at $1,131,000 after purchasing an additional 100 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in NXP Semiconductors by 8.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,525 shares of the semiconductor provider’s stock worth $6,606,000 after purchasing an additional 2,248 shares during the period. Trust Co. of Vermont grew its position in NXP Semiconductors by 14.9% in the 3rd quarter. Trust Co. of Vermont now owns 2,929 shares of the semiconductor provider’s stock valued at $703,000 after buying an additional 380 shares in the last quarter. Finally, Cardinal Capital Management raised its position in shares of NXP Semiconductors by 1.1% during the 3rd quarter. Cardinal Capital Management now owns 8,137 shares of the semiconductor provider’s stock worth $1,961,000 after buying an additional 92 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on NXPI shares. TD Cowen dropped their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Morgan Stanley reduced 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 report on Wednesday, July 24th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. UBS Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $275.00 to $285.00 in a report on Monday, October 7th. Finally, Stifel Nicolaus decreased their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $288.90.

Insiders Place Their Bets

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

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $233.45 on Friday. 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 firm has a market cap of $59.69 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08. The company’s 50-day moving average price is $239.56 and its two-hundred day moving average price is $252.94.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 EPS. On average, equities analysts anticipate that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.74%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s payout ratio is presently 37.40%.

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.