LexAurum Advisors LLC Lowers Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

LexAurum Advisors LLC lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,050 shares of the semiconductor provider’s stock after selling 51 shares during the quarter. LexAurum Advisors LLC’s holdings in NXP Semiconductors were worth $252,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new stake in NXP Semiconductors in the first quarter valued at $1,775,000. Bessemer Group Inc. boosted its holdings in NXP Semiconductors by 4,525.6% during the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock worth $88,399,000 after buying an additional 349,061 shares in the last quarter. M&G Plc purchased a new stake in NXP Semiconductors during the first quarter worth about $65,830,000. Maryland State Retirement & Pension System acquired a new position in NXP Semiconductors during the first quarter worth about $3,089,000. Finally, QRG Capital Management Inc. increased its holdings in NXP Semiconductors by 34.1% in the first quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider’s stock valued at $425,000 after buying an additional 436 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

NXPI stock opened at $233.45 on Friday. The stock has a market capitalization of $59.47 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. The stock’s fifty day simple moving average is $239.56 and its 200-day simple moving average is $252.86. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last posted 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. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. The firm’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.04 EPS. Equities research analysts expect that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.94%.

Insider Buying and Selling at NXP Semiconductors

In other news, insider Julie Southern acquired 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 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 shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Julie Southern acquired 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was acquired 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 of the company’s stock, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NXPI shares. Oppenheimer upped their price target on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Citic Securities began coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price target for the company. Cantor Fitzgerald cut their price target on NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, October 8th. Citigroup increased their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. Finally, Needham & Company LLC lifted their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $288.90.

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.