Claro Advisors LLC Acquires 50,254 Shares of NXP Semiconductors (NASDAQ:NXPI)

Claro Advisors LLC raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 3,085.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,883 shares of the semiconductor provider's stock after acquiring an additional 50,254 shares during the quarter. NXP Semiconductors comprises approximately 1.2% of Claro Advisors LLC's portfolio, making the stock its 14th biggest holding. Claro Advisors LLC's holdings in NXP Semiconductors were worth $12,452,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Drive Wealth Management LLC lifted its holdings in NXP Semiconductors by 4.3% during the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider's stock worth $257,000 after purchasing an additional 39 shares in the last quarter. Beacon Capital Management LLC grew its stake in NXP Semiconductors by 36.4% during the first 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 in the last quarter. Patten Group Inc. increased its holdings in NXP Semiconductors by 1.2% during the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider's stock worth $929,000 after acquiring an additional 42 shares during the period. West Paces Advisors Inc. lifted its stake in NXP Semiconductors by 3.1% in the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider's stock worth $404,000 after purchasing an additional 45 shares in the last quarter. Finally, Octavia Wealth Advisors LLC increased its holdings in shares of NXP Semiconductors by 5.4% in the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider's stock worth $238,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent analyst reports. StockNews.com cut NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. Needham & Company LLC raised their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd. Stifel Nicolaus cut their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating for the company in a research note on Thursday. Morgan Stanley cut their target price on shares of NXP Semiconductors from $275.00 to $271.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 24th. Finally, Citic Securities started coverage on NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus price target of $288.90.

NXP Semiconductors Trading Up 0.5 %

Shares of NXP Semiconductors stock traded up $1.17 during trading on Friday, reaching $233.45. 1,187,132 shares of the stock were exchanged, compared to its average volume of 2,260,804. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $59.69 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.58 and a beta of 1.49. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The stock's fifty day moving average is $239.73 and its 200 day moving average is $252.95.

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

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.74%. NXP Semiconductors's dividend payout ratio (DPR) is presently 37.40%.

Insider Transactions at NXP Semiconductors

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 value 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 approximately $7,033,002.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other 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 value of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Julie Southern bought 146 shares of the stock in a transaction dated Tuesday, July 30th. The stock was purchased at an average price of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.