Frank Rimerman Advisors LLC Buys 2,622 Shares of NXP Semiconductors (NASDAQ:NXPI)

Frank Rimerman Advisors LLC grew its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 65.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,628 shares of the semiconductor provider's stock after purchasing an additional 2,622 shares during the quarter. Frank Rimerman Advisors LLC's holdings in NXP Semiconductors were worth $1,591,000 at the end of the most recent reporting period.

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

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock traded up $4.10 during trading on Friday, hitting $243.16. 2,140,509 shares of the stock were exchanged, compared to its average volume of 2,256,676. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The company has a fifty day moving average price of $238.37 and a 200-day moving average price of $252.66. The stock has a market capitalization of $61.94 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.67%. NXP Semiconductors's payout ratio is 37.94%.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company's 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 directly owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Julie Southern purchased 146 shares of the company's stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the acquisition, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction 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 owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NXPI. Citigroup upped their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a "sell" rating in a research report on Monday, July 15th. Stifel Nicolaus lowered their price target on NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating for the company in a report on Thursday, October 17th. Morgan Stanley cut their price objective on NXP Semiconductors from $275.00 to $271.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 24th. Cantor Fitzgerald lowered their target price on NXP Semiconductors from $350.00 to $270.00 and set an "overweight" rating for the company in a research note on Tuesday, October 8th. Finally, TD Cowen cut their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a "buy" rating on the stock in a research note 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $288.90.

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.