Advisor Resource Council Purchases Shares of 2,311 NXP Semiconductors (NASDAQ:NXPI)

Advisor Resource Council bought a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,311 shares of the semiconductor provider's stock, valued at approximately $555,000.

Several other institutional investors have also added to or reduced their stakes in the business. Central Pacific Bank Trust Division purchased a new stake in shares of NXP Semiconductors during the first quarter worth about $54,000. Texas Permanent School Fund Corp lifted its holdings in NXP Semiconductors by 0.9% in the first quarter. Texas Permanent School Fund Corp now owns 53,282 shares of the semiconductor provider's stock worth $13,202,000 after buying an additional 460 shares during the period. Advisory Alpha LLC lifted its holdings in NXP Semiconductors by 31.0% in the first quarter. Advisory Alpha LLC now owns 2,017 shares of the semiconductor provider's stock worth $500,000 after buying an additional 477 shares during the period. Manchester Capital Management LLC lifted its holdings in NXP Semiconductors by 341.0% in the first quarter. Manchester Capital Management LLC now owns 269 shares of the semiconductor provider's stock worth $67,000 after buying an additional 208 shares during the period. Finally, Gallacher Capital Management LLC purchased a new stake in NXP Semiconductors in the first quarter worth about $203,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Up 2.0 %

Shares of NXPI traded up $4.74 on Thursday, hitting $236.12. 3,104,482 shares of the stock traded hands, compared to its average volume of 2,295,603. The company has a market capitalization of $60.15 billion, a PE ratio of 22.53, a P/E/G ratio of 2.57 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The business has a 50 day simple moving average of $236.43 and a 200 day simple moving average of $253.19. NXP Semiconductors has a one year low of $179.64 and a one year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share 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 34.11%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the firm earned $3.31 earnings per share. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. As a group, equities analysts forecast that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors's dividend payout ratio is presently 38.74%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Mizuho set a $290.00 price objective on shares of NXP Semiconductors in a report on Friday, October 18th. Evercore ISI lowered their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a report on Wednesday. TD Cowen lowered their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a "buy" rating for the company in a report on Wednesday, July 24th. Truist Financial lowered their price objective on shares of NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating for the company in a report on Wednesday. Finally, UBS Group lowered their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average price target of $276.85.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction 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 owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.11% of the company's stock.

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.