Hilltop Holdings Inc. Increases Position in NXP Semiconductors (NASDAQ:NXPI)

Hilltop Holdings Inc. boosted its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 218.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,497 shares of the semiconductor provider's stock after acquiring an additional 2,400 shares during the quarter. Hilltop Holdings Inc.'s holdings in NXP Semiconductors were worth $839,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in NXP Semiconductors by 387.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider's stock valued at $550,665,000 after acquiring an additional 1,823,650 shares in the last quarter. Van ECK Associates Corp lifted its position in NXP Semiconductors by 67.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider's stock valued at $718,680,000 after acquiring an additional 1,222,736 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in NXP Semiconductors by 337.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider's stock valued at $225,591,000 after acquiring an additional 724,951 shares in the last quarter. International Assets Investment Management LLC lifted its position in NXP Semiconductors by 24,533.2% in the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider's stock valued at $123,447,000 after acquiring an additional 512,253 shares in the last quarter. Finally, Ceredex Value Advisors LLC bought a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $84,901,000. Institutional investors own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NXPI shares. Needham & Company LLC dropped their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Loop Capital started coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a "buy" rating and a $300.00 target price on the stock. Oppenheimer dropped their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group lowered their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, Morgan Stanley lowered their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus price target of $274.14.

NXP Semiconductors Trading Down 3.0 %

Shares of NASDAQ:NXPI traded down $6.67 during midday trading on Thursday, hitting $216.99. 2,295,719 shares of the stock traded hands, compared to its average volume of 2,297,549. The stock has a market capitalization of $55.15 billion, a PE ratio of 21.34, a P/E/G ratio of 4.60 and a beta of 1.46. The business's 50 day moving average is $232.86 and its two-hundred day moving average is $249.41. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a one year low of $201.58 and a one year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.25 billion. During the same quarter in the previous year, the company earned $3.31 earnings per share. NXP Semiconductors's quarterly revenue was down 5.4% on a year-over-year basis. As a group, research analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be given 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 is currently 38.74%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value 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 represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is 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.