CWA Asset Management Group LLC Purchases New Position in NXP Semiconductors (NASDAQ:NXPI)

CWA Asset Management Group LLC purchased a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 24,829 shares of the semiconductor provider's stock, valued at approximately $5,959,000.

Other institutional investors have also bought and sold shares of the company. Family Firm Inc. purchased a new position in NXP Semiconductors in the 2nd quarter worth approximately $27,000. Addison Advisors LLC lifted its stake in NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider's stock worth $29,000 after purchasing an additional 74 shares in the last quarter. Valley National Advisers Inc. lifted its stake in NXP Semiconductors by 71.2% in the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Fortitude Family Office LLC lifted its stake in NXP Semiconductors by 615.0% in the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider's stock worth $38,000 after purchasing an additional 123 shares in the last quarter. Finally, Beacon Capital Management LLC lifted its stake in NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider's stock worth $37,000 after purchasing an additional 40 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $270.00 target price on shares of NXP Semiconductors in a research note on Monday, November 4th. Evercore ISI cut their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a report on Wednesday. Morgan Stanley cut their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating for the company in a report on Wednesday. Susquehanna cut their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Truist Financial cut their price target on shares of NXP Semiconductors from $287.00 to $252.00 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 assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $275.60.

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 completion of the sale, the executive vice president now directly owns 30,269 shares of the company's stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.11% of the company's stock.

NXP Semiconductors Stock Down 0.9 %

Shares of NASDAQ:NXPI traded down $2.23 during trading on Friday, hitting $233.89. The company's stock had a trading volume of 2,743,168 shares, compared to its average volume of 2,429,677. The business has a 50 day moving average price of $235.72 and a two-hundred day moving average price of $253.17. The company has a market capitalization of $59.45 billion, a PE ratio of 22.32, a P/E/G ratio of 3.08 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.52 and a current ratio of 2.35. NXP Semiconductors has a fifty-two week low of $179.64 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.31 earnings per share. As a group, research analysts expect that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.73%. NXP Semiconductors's dividend payout ratio (DPR) is currently 38.74%.

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.