Advisors Asset Management Inc. Boosts Position in NXP Semiconductors (NASDAQ:NXPI)

Advisors Asset Management Inc. increased its stake in NXP Semiconductors (NASDAQ:NXPI) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,674 shares of the semiconductor provider’s stock after buying an additional 248 shares during the period. Advisors Asset Management Inc.’s holdings in NXP Semiconductors were worth $5,202,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GDS Wealth Management increased its stake in NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares during the period. Banque Cantonale Vaudoise increased its position in NXP Semiconductors by 60.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after purchasing an additional 9,710 shares during the period. Mather Group LLC. increased its position in NXP Semiconductors by 23.3% during the 2nd quarter. Mather Group LLC. now owns 566 shares of the semiconductor provider’s stock valued at $140,000 after purchasing an additional 107 shares during the period. Mackenzie Financial Corp increased its position in NXP Semiconductors by 21.1% during the 2nd quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock valued at $41,519,000 after purchasing an additional 26,851 shares during the period. Finally, Principal Financial Group Inc. increased its position in NXP Semiconductors by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after purchasing an additional 5,722 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 1.8 %

NXPI stock opened at $224.37 on Friday. The firm has a 50 day moving average of $233.60 and a 200 day moving average of $251.75. The stock has a market capitalization of $57.03 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 4.42 and a beta of 1.49. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 52 week low of $198.00 and a 52 week high of $296.08.

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 business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the business posted $3.31 EPS. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. Sell-side analysts forecast that NXP Semiconductors will post 11.37 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is 38.74%.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction 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 completion of the transaction, 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 document filed with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citic Securities assumed coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 target price on the stock. Morgan Stanley cut their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Oppenheimer cut their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. Finally, UBS Group cut their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.76.

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.