Brophy Wealth Management LLC Invests $555,000 in NXP Semiconductors (NASDAQ:NXPI)

Brophy Wealth Management LLC bought a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,313 shares of the semiconductor provider's stock, valued at approximately $555,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NXPI. State Street Corp raised its position in NXP Semiconductors by 1.3% during the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock worth $2,572,694,000 after acquiring an additional 139,641 shares during the last quarter. Van ECK Associates Corp grew its holdings in NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider's stock valued at $718,680,000 after buying an additional 1,222,736 shares during the last quarter. Janus Henderson Group PLC increased its position in NXP Semiconductors by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock worth $655,453,000 after buying an additional 20,145 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of NXP Semiconductors by 5.1% in the second quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider's stock worth $653,567,000 after acquiring an additional 118,366 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of NXP Semiconductors by 387.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider's stock valued at $550,665,000 after acquiring an additional 1,823,650 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The stock was 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 approximately $7,033,002.15. This represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

NXPI has been the subject of several analyst reports. Needham & Company LLC cut 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, November 6th. UBS Group cut their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Morgan Stanley decreased 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. Cantor Fitzgerald reiterated an "overweight" rating and issued a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. Finally, Mizuho set a $290.00 price target on NXP Semiconductors in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus target price of $274.14.

NXP Semiconductors Stock Up 0.9 %

Shares of NASDAQ NXPI traded up $1.90 on Wednesday, hitting $219.84. The company had a trading volume of 2,479,178 shares, compared to its average volume of 2,295,282. The firm has a market capitalization of $55.87 billion, a P/E ratio of 20.98, a PEG ratio of 4.41 and a beta of 1.46. 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 12-month low of $201.58 and a 12-month high of $296.08. The business has a 50 day moving average of $231.21 and a two-hundred day moving average of $247.65.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (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 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 company earned $3.31 earnings per share. NXP Semiconductors's revenue for the quarter was down 5.4% on a year-over-year basis. As a group, equities research analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be given a $1.014 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.84%. NXP Semiconductors's payout ratio is currently 38.65%.

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.