Kovitz Investment Group Partners LLC Buys 4,753 Shares of NXP Semiconductors (NASDAQ:NXPI)

Kovitz Investment Group Partners LLC increased its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 96.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,669 shares of the semiconductor provider's stock after acquiring an additional 4,753 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in NXP Semiconductors were worth $2,321,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. 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. Patten Group Inc. increased its holdings in NXP Semiconductors by 1.2% in the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider's stock valued at $929,000 after purchasing an additional 42 shares during the last quarter. West Paces Advisors Inc. increased its holdings in NXP Semiconductors by 3.1% in the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider's stock valued at $404,000 after purchasing an additional 45 shares during the last quarter. Octavia Wealth Advisors LLC increased its holdings in NXP Semiconductors by 5.4% in 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 last quarter. Finally, Crumly & Associates Inc. increased its holdings in NXP Semiconductors by 2.0% in the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider's stock valued at $546,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Trading Down 2.5 %

Shares of NXPI stock traded down $5.67 during mid-day trading on Tuesday, hitting $217.94. The company's stock had a trading volume of 1,715,584 shares, compared to its average volume of 2,294,479. The company's fifty day simple moving average is $231.50 and its 200-day simple moving average is $248.07. NXP Semiconductors has a 52 week low of $201.58 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The company has a market cap of $55.39 billion, a PE ratio of 20.80, a P/E/G ratio of 4.41 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the company posted $3.31 EPS. The business's quarterly revenue was down 5.4% on a year-over-year basis. As a group, equities research analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors's payout ratio is 38.74%.

Analyst Ratings Changes

NXPI has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. The Goldman Sachs Group lowered their price target on NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. TD Cowen lowered their price target on NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating for the company in a report on Friday, November 8th. Citic Securities initiated coverage on NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on NXP Semiconductors in a report on Friday, November 22nd. They issued an "overweight" rating and a $250.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $274.14.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business's stock in a transaction dated 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 sale, the executive vice president now directly owns 30,269 shares of the company's stock, valued at $7,033,002.15. The trade was a 10.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors 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.