Intellectus Partners LLC Purchases New Shares in NXP Semiconductors (NASDAQ:NXPI)

Intellectus Partners LLC acquired a new position in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,470 shares of the semiconductor provider's stock, valued at approximately $836,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. bought a new position in shares of NXP Semiconductors in the 2nd quarter worth $27,000. Addison Advisors LLC boosted its holdings in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider's stock worth $29,000 after buying an additional 74 shares during the last quarter. Valley National Advisers Inc. grew its position in shares of NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider's stock worth $33,000 after buying an additional 52 shares during the period. Beacon Capital Management LLC increased its stake in shares of NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider's stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Finally, Fortitude Family Office LLC raised its position in shares of NXP Semiconductors by 615.0% in the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider's stock valued at $38,000 after acquiring an additional 123 shares during the period. 90.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

NXPI has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. StockNews.com downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Truist Financial reduced their target price on NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Loop Capital initiated coverage on NXP Semiconductors in a report on Monday, November 11th. They issued a "buy" rating and a $300.00 price target for the company. Finally, Citic Securities assumed coverage on NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $276.76.

NXP Semiconductors Stock Down 3.1 %

NXPI stock traded down $6.92 during mid-day trading on Friday, reaching $217.04. The company had a trading volume of 2,793,131 shares, compared to its average volume of 2,306,468. The company has a market capitalization of $55.16 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 4.48 and a beta of 1.49. NXP Semiconductors has a 52 week low of $198.00 and a 52 week high of $296.08. The stock has a 50 day simple moving average of $234.14 and a two-hundred day simple moving average of $252.67. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for 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 firm's revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.31 earnings per share. As a group, equities analysts predict that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.87%. NXP Semiconductors's dividend payout ratio (DPR) is currently 38.74%.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 3,500 shares of the firm's stock in a transaction dated 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 owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.11% of the stock is currently owned by corporate insiders.

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.