HighTower Advisors LLC Purchases 41,603 Shares of NXP Semiconductors (NASDAQ:NXPI)

HighTower Advisors LLC increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 27.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,684 shares of the semiconductor provider's stock after acquiring an additional 41,603 shares during the period. HighTower Advisors LLC owned about 0.08% of NXP Semiconductors worth $46,217,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NXPI. Mather Group LLC. raised its position in NXP Semiconductors by 23.3% in the 2nd quarter. Mather Group LLC. now owns 566 shares of the semiconductor provider's stock worth $140,000 after purchasing an additional 107 shares during the last quarter. CWM LLC grew its position in shares of NXP Semiconductors by 6.1% during the 2nd quarter. CWM LLC now owns 4,395 shares of the semiconductor provider's stock worth $1,183,000 after buying an additional 252 shares during the period. Csenge Advisory Group lifted its holdings in NXP Semiconductors by 35.0% in the second quarter. Csenge Advisory Group now owns 3,775 shares of the semiconductor provider's stock valued at $1,016,000 after buying an additional 978 shares during the period. CX Institutional boosted its stake in NXP Semiconductors by 34.0% in the second quarter. CX Institutional now owns 3,500 shares of the semiconductor provider's stock valued at $942,000 after acquiring an additional 888 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in NXP Semiconductors during the 2nd quarter worth $5,350,000. Institutional investors own 90.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Needham & Company LLC decreased their price objective on NXP Semiconductors from $300.00 to $250.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus reduced their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating on the stock in a research note on Thursday, October 17th. Citic Securities assumed coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 target price on the stock. The Goldman Sachs Group dropped their price objective on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Finally, Wells Fargo & Company began coverage on NXP Semiconductors in a research note on Friday, November 22nd. They issued an "overweight" rating and a $250.00 target price 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's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $274.14.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred 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 of the company's stock, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by insiders.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded down $6.67 during trading on Thursday, reaching $216.99. 2,295,719 shares of the company's stock were exchanged, compared to its average volume of 2,297,549. NXP Semiconductors has a fifty-two week low of $201.58 and a fifty-two week high of $296.08. The stock has a market capitalization of $55.15 billion, a P/E ratio of 20.71, a PEG ratio of 4.60 and a beta of 1.46. The business has a 50 day moving average price of $232.35 and a 200-day moving average price of $249.19. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

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

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors's dividend payout ratio (DPR) is currently 38.74%.

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.