GenTrust LLC Acquires Shares of 854 NXP Semiconductors (NASDAQ:NXPI)

GenTrust LLC acquired a new stake in NXP Semiconductors (NASDAQ:NXPI) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 854 shares of the semiconductor provider’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of NXP Semiconductors by 67.2% in the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after purchasing an additional 1,222,736 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of NXP Semiconductors by 5.1% in the second quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock valued at $653,567,000 after purchasing an additional 118,366 shares during the last quarter. Legal & General Group Plc grew its position in shares of NXP Semiconductors by 1.6% in 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 purchasing an additional 35,104 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of NXP Semiconductors by 5.5% in 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 purchasing an additional 80,087 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of NXP Semiconductors by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,086,245 shares of the semiconductor provider’s stock valued at $292,246,000 after purchasing an additional 127,607 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Mizuho set a $290.00 target price on NXP Semiconductors in a research report on Friday, October 18th. The Goldman Sachs Group reduced their price target on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. UBS Group reduced their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Citic Securities began coverage on NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price target on the stock. Finally, TD Cowen reduced their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $274.14.

NXP Semiconductors Stock Up 0.8 %

Shares of NXPI opened at $226.38 on Friday. NXP Semiconductors has a 52 week low of $198.00 and a 52 week high of $296.08. The stock has a market capitalization of $57.54 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 4.51 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The stock has a fifty day moving average of $233.53 and a 200-day moving average of $251.46.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the company earned $3.31 EPS. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors 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.