NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Telos Capital Management Inc.

Telos Capital Management Inc. lifted its position in NXP Semiconductors (NASDAQ:NXPI) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,211 shares of the semiconductor provider’s stock after purchasing an additional 1,237 shares during the period. NXP Semiconductors comprises about 1.3% of Telos Capital Management Inc.’s portfolio, making the stock its 18th biggest holding. Telos Capital Management Inc.’s holdings in NXP Semiconductors were worth $12,771,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NXPI. Precision Wealth Strategies LLC increased its stake in shares of NXP Semiconductors by 18.6% in the 3rd quarter. Precision Wealth Strategies LLC now owns 1,476 shares of the semiconductor provider’s stock valued at $354,000 after purchasing an additional 232 shares in the last quarter. Whittier Trust Co. grew its holdings in NXP Semiconductors by 0.4% in the third quarter. Whittier Trust Co. now owns 17,789 shares of the semiconductor provider’s stock valued at $4,270,000 after purchasing an additional 69 shares during the period. Northwest Investment Counselors LLC purchased a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $108,000. Retirement Guys Formula LLC lifted its position in shares of NXP Semiconductors by 6.8% during the 3rd quarter. Retirement Guys Formula LLC now owns 5,275 shares of the semiconductor provider’s stock valued at $1,266,000 after buying an additional 335 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in NXP Semiconductors by 45.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 239,982 shares of the semiconductor provider’s stock valued at $57,598,000 after acquiring an additional 74,723 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $230.15 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The company has a market capitalization of $58.85 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. The firm’s 50-day moving average is $239.36 and its two-hundred day moving average is $252.94. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating the consensus estimate of $2.82 by $0.38. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.04 EPS. Analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.76%. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

Insider Activity

In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Julie Southern acquired 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NXPI shares. TD Cowen reduced their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. UBS Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price target for the company from $275.00 to $285.00 in a research note on Monday, October 7th. Needham & Company LLC lifted their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Citic Securities started coverage on NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 target price for the company. Finally, Oppenheimer raised their target price on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.90.

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.