Royal Fund Management LLC Acquires 3,556 Shares of NXP Semiconductors (NASDAQ:NXPI)

Royal Fund Management LLC increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 48.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,878 shares of the semiconductor provider's stock after purchasing an additional 3,556 shares during the period. Royal Fund Management LLC's holdings in NXP Semiconductors were worth $2,624,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider's stock valued at $3,201,543,000 after purchasing an additional 1,909,898 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of NXP Semiconductors by 5.1% during the second quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider's stock valued at $653,567,000 after purchasing an additional 118,366 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider's stock valued at $535,747,000 after buying an additional 2,097,727 shares during the last quarter. Legal & General Group Plc increased its holdings in NXP Semiconductors by 1.6% during the second quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider's stock valued at $611,336,000 after buying an additional 35,104 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in NXP Semiconductors by 10.6% during the second quarter. Van ECK Associates Corp now owns 1,818,393 shares of the semiconductor provider's stock valued at $489,312,000 after buying an additional 173,697 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NXPI. Needham & Company LLC upped their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. Cantor Fitzgerald reduced their target price on shares of NXP Semiconductors from $350.00 to $270.00 and set an "overweight" rating for the company in a report on Tuesday. TD Cowen reduced their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a "buy" rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus upped their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a "hold" rating in a report on Thursday, July 18th. Finally, UBS Group raised shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and upped their target price for the company from $275.00 to $285.00 in a report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $291.47.

Insider Buying and Selling at NXP Semiconductors

In other news, insider Julie Southern bought 146 shares of NXP Semiconductors stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Julie Southern bought 146 shares of NXP Semiconductors stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of the 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 in the company, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Price Performance

NXPI stock traded up $3.35 during trading on Wednesday, hitting $238.31. 1,423,732 shares of the company's stock traded hands, compared to its average volume of 2,277,669. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The business has a fifty day simple moving average of $240.48 and a 200 day simple moving average of $253.46. The stock has a market capitalization of $60.93 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.51 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the business earned $3.04 earnings per share. NXP Semiconductors's quarterly revenue was down 5.2% compared to the same quarter last year. As a group, research analysts expect that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.70%. NXP Semiconductors's dividend payout ratio (DPR) is currently 37.40%.

NXP Semiconductors Company Profile

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.