LRI Investments LLC Has $5.90 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

LRI Investments LLC grew its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 3,765.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,584 shares of the semiconductor provider's stock after buying an additional 23,948 shares during the period. NXP Semiconductors accounts for approximately 0.5% of LRI Investments LLC's investment portfolio, making the stock its 27th largest position. LRI Investments LLC's holdings in NXP Semiconductors were worth $5,900,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in NXP Semiconductors in the third quarter valued at about $2,443,000. Groupama Asset Managment lifted its holdings in shares of NXP Semiconductors by 2.1% in the 3rd quarter. Groupama Asset Managment now owns 12,530 shares of the semiconductor provider's stock worth $3,007,000 after acquiring an additional 256 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of NXP Semiconductors by 7.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 89,593 shares of the semiconductor provider's stock worth $21,503,000 after purchasing an additional 5,876 shares during the period. MML Investors Services LLC boosted its position in shares of NXP Semiconductors by 2.0% during the 3rd quarter. MML Investors Services LLC now owns 21,136 shares of the semiconductor provider's stock worth $5,073,000 after purchasing an additional 415 shares during the period. Finally, K2 Principal Fund L.P. increased its holdings in NXP Semiconductors by 34.5% in the 3rd quarter. K2 Principal Fund L.P. now owns 8,020 shares of the semiconductor provider's stock valued at $1,925,000 after purchasing an additional 2,058 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Price Performance

Shares of NXPI stock traded up $4.95 during midday trading on Monday, reaching $223.61. 2,136,513 shares of the company were exchanged, compared to its average volume of 2,180,815. The company has a market cap of $56.83 billion, a P/E ratio of 20.86, a PEG ratio of 4.41 and a beta of 1.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08. The company's 50 day moving average price is $231.83 and its two-hundred day moving average price is $248.42.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the business posted $3.31 EPS. The company's revenue was down 5.4% on a year-over-year basis. On average, sell-side analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors's dividend payout ratio is currently 38.74%.

Insider Buying and Selling at NXP Semiconductors

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 stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares of the company's stock, valued at $7,033,002.15. The trade was a 10.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.11% of the company's stock.

Analyst Ratings Changes

NXPI has been the subject of several research analyst reports. Mizuho set a $290.00 price target on NXP Semiconductors in a research report on Friday, October 18th. Evercore ISI lowered their target price on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Truist Financial cut their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Loop Capital assumed coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They issued a "buy" rating and a $300.00 price objective for the company. Finally, Morgan Stanley decreased their target price on NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $274.14.

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.