Philip James Wealth Mangement LLC Purchases Shares of 7,612 NXP Semiconductors (NASDAQ:NXPI)

Philip James Wealth Mangement LLC acquired a new position in shares of NXP Semiconductors (NASDAQ:NXPI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,612 shares of the semiconductor provider’s stock, valued at approximately $1,827,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NXPI. Drive Wealth Management LLC lifted its position in NXP Semiconductors by 4.3% during the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after purchasing an additional 39 shares during the last quarter. Beacon Capital Management LLC grew its position in NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after acquiring an additional 40 shares in the last quarter. Patten Group Inc. increased its stake in NXP Semiconductors by 1.2% in the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after acquiring an additional 42 shares during the last quarter. West Paces Advisors Inc. increased its stake in NXP Semiconductors by 3.1% in the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock valued at $404,000 after acquiring an additional 45 shares during the last quarter. Finally, Octavia Wealth Advisors LLC raised its position in NXP Semiconductors by 5.4% during the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 3.4 %

Shares of NASDAQ NXPI traded down $7.94 during trading hours on Friday, hitting $228.18. The company’s stock had a trading volume of 339,368 shares, compared to its average volume of 2,286,675. NXP Semiconductors has a 12 month low of $179.64 and a 12 month high of $296.08. The stock has a market cap of $58.12 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 2.57 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The business has a 50-day simple moving average of $236.43 and a 200-day simple moving average of $253.19.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 34.11% and a net margin of 20.98%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $3.31 EPS. On average, analysts anticipate that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.78%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’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 owns 30,269 shares in the company, valued at $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 is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Oppenheimer cut their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday. Citigroup upped their target price on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. Cantor Fitzgerald reiterated an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a research report on Monday. Susquehanna decreased their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, TD Cowen cut their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday. One 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. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $275.60.

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.