Atlantic Union Bankshares Corp Has $4.98 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Atlantic Union Bankshares Corp decreased its position in NXP Semiconductors (NASDAQ:NXPI) by 6.5% in the third quarter, HoldingsChannel reports. The firm owned 20,734 shares of the semiconductor provider’s stock after selling 1,443 shares during the period. Atlantic Union Bankshares Corp’s holdings in NXP Semiconductors were worth $4,976,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. Cetera Investment Advisers boosted its stake in NXP Semiconductors by 155.5% in the 1st quarter. Cetera Investment Advisers now owns 68,747 shares of the semiconductor provider’s stock worth $17,034,000 after purchasing an additional 41,845 shares during the period. Cetera Advisors LLC boosted its stake in shares of NXP Semiconductors by 152.7% during the 1st quarter. Cetera Advisors LLC now owns 10,200 shares of the semiconductor provider’s stock valued at $2,527,000 after buying an additional 6,163 shares during the period. Boston Partners boosted its stake in shares of NXP Semiconductors by 7.5% during the 1st quarter. Boston Partners now owns 1,028,818 shares of the semiconductor provider’s stock valued at $254,779,000 after buying an additional 71,989 shares during the period. Jackson Wealth Management LLC boosted its stake in shares of NXP Semiconductors by 9.2% during the 1st quarter. Jackson Wealth Management LLC now owns 9,156 shares of the semiconductor provider’s stock valued at $2,269,000 after buying an additional 774 shares during the period. Finally, HM Payson & Co. boosted its stake in shares of NXP Semiconductors by 13.5% during the 1st quarter. HM Payson & Co. now owns 251,754 shares of the semiconductor provider’s stock valued at $62,379,000 after buying an additional 30,021 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. Susquehanna decreased their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group decreased their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Loop Capital initiated coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 target price for the company. Barclays cut their price target on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Citic Securities initiated coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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 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 owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $226.53 on Friday. The firm’s 50-day moving average is $233.19 and its 200-day moving average is $250.64. NXP Semiconductors has a 52-week low of $198.36 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The company has a market cap of $57.57 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 4.57 and a beta of 1.49.

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

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.79%. NXP Semiconductors’s payout ratio is 38.74%.

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.