Applied Finance Capital Management LLC Takes $1.89 Million Position in NXP Semiconductors (NASDAQ:NXPI)

Applied Finance Capital Management LLC bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,612 shares of the semiconductor provider's stock, valued at approximately $1,892,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NXPI. Equitable Trust Co. boosted its stake in NXP Semiconductors by 14.7% in the third quarter. Equitable Trust Co. now owns 1,163 shares of the semiconductor provider's stock valued at $279,000 after acquiring an additional 149 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of NXP Semiconductors in the 3rd quarter valued at about $5,959,000. Fiera Capital Corp grew its stake in NXP Semiconductors by 63.6% during the 3rd quarter. Fiera Capital Corp now owns 6,001 shares of the semiconductor provider's stock worth $1,440,000 after buying an additional 2,332 shares during the last quarter. ABLE Financial Group LLC grew its stake in NXP Semiconductors by 15.8% during the 3rd quarter. ABLE Financial Group LLC now owns 4,195 shares of the semiconductor provider's stock worth $1,007,000 after buying an additional 572 shares during the last quarter. Finally, Philip James Wealth Mangement LLC acquired a new position in NXP Semiconductors during the third quarter worth approximately $1,827,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NXPI traded down $2.23 on Friday, reaching $233.89. The stock had a trading volume of 2,743,168 shares, compared to its average volume of 2,429,677. The company has a quick ratio of 1.52, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $59.45 billion, a PE ratio of 22.32, a PEG ratio of 3.08 and a beta of 1.49. NXP Semiconductors has a twelve month low of $179.64 and a twelve month high of $296.08. The firm has a 50-day moving average of $235.72 and a 200 day moving average of $253.17.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.25 billion. During the same period in the prior year, the company earned $3.31 EPS. The firm's revenue was down 5.4% on a year-over-year basis. Sell-side analysts expect that NXP Semiconductors will post 11.94 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 given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors's payout ratio is 38.74%.

Insider Activity

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business's stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NXPI. Morgan Stanley lowered 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. Susquehanna dropped their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating on the stock in a research note on Wednesday. Needham & Company LLC decreased their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a "buy" rating for the company in a research note on Wednesday. StockNews.com cut NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. Finally, TD Cowen cut their price target on NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $275.60.

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.