West Michigan Advisors LLC Buys 125 Shares of NXP Semiconductors (NASDAQ:NXPI)

West Michigan Advisors LLC raised its stake in NXP Semiconductors (NASDAQ:NXPI) by 7.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,860 shares of the semiconductor provider’s stock after buying an additional 125 shares during the period. West Michigan Advisors LLC’s holdings in NXP Semiconductors were worth $448,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norden Group LLC bought a new position in NXP Semiconductors in the first quarter valued at about $1,775,000. Bessemer Group Inc. grew its holdings in NXP Semiconductors by 4,525.6% during the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock worth $88,399,000 after acquiring an additional 349,061 shares during the last quarter. M&G Plc acquired a new position in NXP Semiconductors in the 1st quarter valued at approximately $65,830,000. Maryland State Retirement & Pension System bought a new stake in NXP Semiconductors in the first quarter valued at approximately $3,089,000. Finally, QRG Capital Management Inc. raised its holdings in NXP Semiconductors by 34.1% during the 1st quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider’s stock worth $425,000 after purchasing an additional 436 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $239.06 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The stock has a market cap of $60.90 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. The stock has a fifty day moving average of $238.88 and a 200-day moving average of $252.76.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm earned $3.04 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts anticipate that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.70%. NXP Semiconductors’s dividend payout ratio is currently 37.94%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly 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 document filed with the SEC, which is available through this hyperlink. In other NXP Semiconductors 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 transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Julie Southern purchased 146 shares of the stock in a transaction 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 acquisition, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This 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 currently owned by insiders.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Barclays lifted their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Truist Financial cut their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. TD Cowen cut their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, UBS Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $275.00 to $285.00 in a research report on Monday, October 7th. One research 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. According to data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $288.90.

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.