Dorsey Wright & Associates Has $2.70 Million Position in NXP Semiconductors (NASDAQ:NXPI)

Dorsey Wright & Associates raised its stake in NXP Semiconductors (NASDAQ:NXPI) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,257 shares of the semiconductor provider’s stock after acquiring an additional 1,299 shares during the period. Dorsey Wright & Associates’ holdings in NXP Semiconductors were worth $2,702,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. GDS Wealth Management raised its stake in NXP Semiconductors by 7.7% in the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after purchasing an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at about $13,445,000. Banque Cantonale Vaudoise raised its position in shares of NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after buying an additional 9,710 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of NXP Semiconductors by 21.1% during the 2nd quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock worth $41,519,000 after acquiring an additional 26,851 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of NXP Semiconductors by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock worth $72,938,000 after acquiring an additional 5,722 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on NXPI. Citic Securities initiated coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price objective for the company. Loop Capital began coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price objective for the company. Stifel Nicolaus decreased their target price on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Evercore ISI lowered their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, UBS Group reduced their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. 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 stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $274.14.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 17th. The stock was 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 directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Up 0.8 %

Shares of NASDAQ:NXPI opened at $218.66 on Friday. The firm has a market cap of $55.57 billion, a P/E ratio of 20.86, a P/E/G ratio of 4.51 and a beta of 1.46. NXP Semiconductors has a 12-month low of $201.58 and a 12-month high of $296.08. The business has a fifty day simple moving average of $231.83 and a 200 day simple moving average of $248.63. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $3.25 billion. During the same period last year, the company earned $3.31 earnings per share. The firm’s revenue was down 5.4% compared to the same quarter last year. Analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.65%.

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.