NXP Semiconductors (NASDAQ:NXPI) Stake Raised by Franklin Resources Inc.

Franklin Resources Inc. raised its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,459,689 shares of the semiconductor provider's stock after acquiring an additional 93,129 shares during the period. Franklin Resources Inc. owned approximately 1.75% of NXP Semiconductors worth $1,063,322,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Family Firm Inc. acquired a new stake in NXP Semiconductors in the 2nd quarter valued at $27,000. Addison Advisors LLC grew its stake in shares of NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider's stock valued at $29,000 after acquiring an additional 74 shares in the last quarter. Valley National Advisers Inc. increased its position in shares of NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider's stock worth $33,000 after acquiring an additional 52 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the third quarter worth about $33,000. Finally, Valley Wealth Managers Inc. purchased a new position in NXP Semiconductors in the second quarter valued at about $48,000. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NXPI shares. Loop Capital started coverage on NXP Semiconductors in a research report on Monday, November 11th. They issued a "buy" rating and a $300.00 target price on the stock. Barclays reduced their price target on shares of NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Mizuho set a $290.00 price objective on NXP Semiconductors in a report on Friday, October 18th. Evercore ISI reduced their target price on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $274.14.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $0.89 during trading hours on Friday, hitting $216.84. The stock had a trading volume of 2,791,517 shares, compared to its average volume of 2,295,181. NXP Semiconductors has a 1-year low of $201.58 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The firm has a market capitalization of $55.11 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 4.43 and a beta of 1.46. The stock's fifty day simple moving average is $230.59 and its 200 day simple moving average is $247.25.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results 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 firm had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.25 billion. During the same quarter last year, the company earned $3.31 EPS. NXP Semiconductors's quarterly revenue was down 5.4% on a year-over-year basis. Sell-side analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared 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. This represents a $4.06 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors's dividend payout ratio (DPR) is presently 38.74%.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 3,500 shares of the company's stock in a transaction on Tuesday, September 17th. The stock was 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 $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 available at the SEC website. 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.