NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Freedom Investment Management Inc.

Freedom Investment Management Inc. increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,872 shares of the semiconductor provider’s stock after purchasing an additional 67 shares during the quarter. Freedom Investment Management Inc.’s holdings in NXP Semiconductors were worth $1,889,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in 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 period. Ameriprise Financial Inc. boosted its stake 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 buying an additional 118,366 shares in the last quarter. Legal & General Group Plc grew its holdings in NXP Semiconductors by 1.6% during the second quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock worth $611,336,000 after acquiring an additional 35,104 shares during the period. Bank of New York Mellon Corp raised its position in 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 worth $412,628,000 after acquiring an additional 80,087 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in 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 acquiring an additional 127,607 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of recent analyst reports. Citic Securities assumed coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price target on the stock. Barclays dropped their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. The Goldman Sachs Group lowered their price target on NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Evercore ISI reduced their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $274.14.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This represents a 10.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Trading Down 0.9 %

Shares of NXPI opened at $226.53 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a 12 month low of $198.36 and a 12 month high of $296.08. The stock has a market cap of $57.57 billion, a PE ratio of 21.62, a P/E/G ratio of 4.70 and a beta of 1.49. The stock’s 50-day moving average is $233.43 and its two-hundred day moving average is $250.81.

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, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $3.31 earnings per share. Equities analysts forecast 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. Stockholders of record on Thursday, December 5th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.79%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 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.