abrdn plc Purchases 4,674 Shares of NXP Semiconductors (NASDAQ:NXPI)

abrdn plc raised its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 538,451 shares of the semiconductor provider's stock after acquiring an additional 4,674 shares during the period. abrdn plc owned approximately 0.21% of NXP Semiconductors worth $128,275,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Family Firm Inc. purchased a new stake in shares of NXP Semiconductors during the second quarter valued at $27,000. Addison Advisors LLC lifted its holdings in NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider's stock valued at $29,000 after acquiring an additional 74 shares during the period. Valley National Advisers Inc. lifted its holdings in NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider's stock valued at $33,000 after acquiring an additional 52 shares during the period. Fortitude Family Office LLC lifted its holdings in NXP Semiconductors by 615.0% in the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider's stock valued at $38,000 after acquiring an additional 123 shares during the period. Finally, Beacon Capital Management LLC lifted its holdings in NXP Semiconductors by 36.4% in 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 during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors Trading Up 2.4 %

Shares of NXP Semiconductors stock traded up $5.88 on Tuesday, reaching $255.58. The company had a trading volume of 2,109,870 shares, compared to its average volume of 2,258,631. The firm has a market cap of $65.10 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 2.63 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The firm's 50-day moving average price is $238.20 and its two-hundred day moving average price is $252.78. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors's dividend payout ratio (DPR) is 37.94%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NXPI shares. StockNews.com downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Oppenheimer raised their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 12th. Citigroup raised their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the stock a "sell" rating in a research note on Monday, July 15th. The Goldman Sachs Group decreased their price objective on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Finally, Stifel Nicolaus decreased their price objective on NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating on the stock in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of "Moderate Buy" and a consensus target price 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.