Larson Financial Group LLC Has $218,000 Stake in NXP Semiconductors (NASDAQ:NXPI)

Larson Financial Group LLC grew its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 213.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 907 shares of the semiconductor provider’s stock after buying an additional 618 shares during the quarter. Larson Financial Group LLC’s holdings in NXP Semiconductors were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Tidal Investments LLC lifted its holdings in NXP Semiconductors by 13.5% in the 1st quarter. Tidal Investments LLC now owns 17,569 shares of the semiconductor provider’s stock worth $4,351,000 after purchasing an additional 2,090 shares during the last quarter. Beacon Capital Management LLC lifted its holdings in NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Swedbank AB acquired a new stake in NXP Semiconductors in the 1st quarter worth approximately $46,623,000. Cetera Investment Advisers lifted its holdings in NXP Semiconductors by 155.5% in the 1st quarter. Cetera Investment Advisers now owns 68,747 shares of the semiconductor provider’s stock worth $17,034,000 after purchasing an additional 41,845 shares during the last quarter. Finally, Cetera Advisors LLC lifted its holdings in NXP Semiconductors by 152.7% in the 1st quarter. Cetera Advisors LLC now owns 10,200 shares of the semiconductor provider’s stock worth $2,527,000 after purchasing an additional 6,163 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NXPI shares. Stifel Nicolaus reduced their target price on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Evercore ISI cut their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. UBS Group cut their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. Finally, Morgan Stanley cut their price target on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $274.14.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’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 owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $226.53 on Thursday. NXP Semiconductors has a twelve month low of $198.36 and a twelve month high of $296.08. The firm has a market cap of $57.57 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 4.70 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 business has a fifty day moving average of $233.43 and a 200-day moving average of $250.81.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share 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 analyst estimates of $3.25 billion. During the same period last year, the company posted $3.31 earnings per share. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts predict that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

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.