Maxwell Wealth Strategies Inc. Raises Position in NXP Semiconductors (NASDAQ:NXPI)

Maxwell Wealth Strategies Inc. boosted its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 40.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,838 shares of the semiconductor provider's stock after buying an additional 3,386 shares during the quarter. NXP Semiconductors makes up about 1.1% of Maxwell Wealth Strategies Inc.'s holdings, making the stock its 29th largest position. Maxwell Wealth Strategies Inc.'s holdings in NXP Semiconductors were worth $2,659,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider's stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares during the period. Van ECK Associates Corp lifted 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 worth $718,680,000 after purchasing an additional 1,222,736 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in NXP Semiconductors by 5.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider's stock worth $653,567,000 after purchasing an additional 118,366 shares in the last quarter. Legal & General Group Plc boosted its stake in NXP Semiconductors by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider's stock worth $611,336,000 after purchasing an additional 35,104 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of NXP Semiconductors by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider's stock valued at $412,628,000 after buying an additional 80,087 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm'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 transaction 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 $7,033,002.15. This trade represents a 10.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Trading Down 3.1 %

Shares of NASDAQ NXPI traded down $6.92 during trading hours on Friday, hitting $217.04. The company's stock had a trading volume of 2,793,131 shares, compared to its average volume of 2,306,468. The business has a 50-day simple moving average of $234.14 and a 200-day simple moving average of $252.67. The stock has a market cap of $55.16 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 4.48 and a beta of 1.49. 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 $198.00 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share 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 business had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.25 billion. During the same quarter in the previous year, the business posted $3.31 earnings per share. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. On average, analysts anticipate that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Stifel Nicolaus cut their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating for the company in a research report on Thursday, October 17th. Citic Securities started coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price target for the company. Loop Capital initiated coverage on NXP Semiconductors in a research report on Monday, November 11th. They issued a "buy" rating and a $300.00 price objective on the stock. Mizuho set a $290.00 target price on NXP Semiconductors in a research report on Friday, October 18th. Finally, Truist Financial dropped their price target on NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $276.76.

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.