MML Investors Services LLC Increases Holdings in NXP Semiconductors (NASDAQ:NXPI)

MML Investors Services LLC grew its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.0% during the third quarter, HoldingsChannel reports. The fund owned 21,136 shares of the semiconductor provider’s stock after purchasing an additional 415 shares during the period. MML Investors Services LLC’s holdings in NXP Semiconductors were worth $5,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NXPI. K2 Principal Fund L.P. raised its holdings in NXP Semiconductors by 34.5% during the third quarter. K2 Principal Fund L.P. now owns 8,020 shares of the semiconductor provider’s stock worth $1,925,000 after purchasing an additional 2,058 shares in the last quarter. CTC Alternative Strategies Ltd. acquired a new stake in NXP Semiconductors during the 3rd quarter worth $215,000. Legacy Investment Solutions LLC purchased a new stake in NXP Semiconductors in the third quarter valued at $73,000. Kensington Investment Counsel LLC boosted its stake in NXP Semiconductors by 12.9% in the third quarter. Kensington Investment Counsel LLC now owns 1,048 shares of the semiconductor provider’s stock valued at $252,000 after acquiring an additional 120 shares in the last quarter. Finally, Dorsey Wright & Associates grew its holdings in shares of NXP Semiconductors by 13.0% during the third quarter. Dorsey Wright & Associates now owns 11,257 shares of the semiconductor provider’s stock worth $2,702,000 after purchasing an additional 1,299 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Buying and Selling

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 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. The trade was a 10.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on NXPI shares. Evercore ISI reduced their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Truist Financial decreased their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a report on Monday, November 4th. Morgan Stanley decreased their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company began coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective on the stock. One 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $274.14.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $217.73 on Friday. The company has a market cap of $55.34 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 4.41 and a beta of 1.46. NXP Semiconductors has a one year low of $201.58 and a one year high of $296.08. The business has a fifty day moving average of $230.90 and a two-hundred day moving average of $247.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the business earned $3.31 earnings per share. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is 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.