Raymond James & Associates Purchases 69,730 Shares of NXP Semiconductors (NASDAQ:NXPI)

Raymond James & Associates increased its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,042,646 shares of the semiconductor provider's stock after acquiring an additional 69,730 shares during the period. Raymond James & Associates owned about 0.41% of NXP Semiconductors worth $250,245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider's stock worth $3,201,543,000 after purchasing an additional 1,909,898 shares in the last quarter. Bessemer Group Inc. grew its position in NXP Semiconductors by 4,525.6% in the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider's stock worth $88,399,000 after purchasing an additional 349,061 shares in the last quarter. Westfield Capital Management Co. LP grew its position in NXP Semiconductors by 974.4% in the 1st quarter. Westfield Capital Management Co. LP now owns 374,539 shares of the semiconductor provider's stock worth $92,799,000 after purchasing an additional 339,678 shares in the last quarter. Assenagon Asset Management S.A. grew its position in NXP Semiconductors by 1,882.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider's stock worth $92,438,000 after purchasing an additional 326,197 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in NXP Semiconductors by 24.6% in the 1st quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider's stock worth $407,506,000 after purchasing an additional 325,187 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of recent analyst reports. TD Cowen reduced their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. UBS Group raised shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and increased their target price for the company from $275.00 to $285.00 in a research report on Monday, October 7th. Barclays increased their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, July 18th. 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 research report on Tuesday, October 8th. Finally, Truist Financial reduced their target price on shares of NXP Semiconductors from $291.00 to $287.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. One equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $288.90.

Insider Activity

In other news, EVP Jennifer Wuamett sold 3,500 shares of the firm's 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 sale, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Julie Southern bought 146 shares of the firm's stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, 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.

NXP Semiconductors Price Performance

NASDAQ NXPI traded up $1.17 on Friday, hitting $233.45. The stock had a trading volume of 1,187,652 shares, compared to its average volume of 2,157,016. 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 company has a market capitalization of $59.47 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. The firm has a 50-day moving average of $239.56 and a 200-day moving average of $252.86.

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

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors's dividend payout ratio (DPR) is currently 37.94%.

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.