Orion Portfolio Solutions LLC Increases Position in NXP Semiconductors (NASDAQ:NXPI)

Orion Portfolio Solutions LLC raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 9.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,905 shares of the semiconductor provider's stock after acquiring an additional 2,340 shares during the quarter. Orion Portfolio Solutions LLC's holdings in NXP Semiconductors were worth $6,218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NXPI. Drive Wealth Management LLC increased its holdings in shares of NXP Semiconductors by 4.3% in the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider's stock worth $257,000 after purchasing an additional 39 shares during the last quarter. Patten Group Inc. increased its holdings in shares of NXP Semiconductors by 1.2% in the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider's stock worth $929,000 after purchasing an additional 42 shares during the last quarter. West Paces Advisors Inc. increased its holdings in shares of NXP Semiconductors by 3.1% in the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider's stock worth $404,000 after purchasing an additional 45 shares during the last quarter. Octavia Wealth Advisors LLC increased its holdings in shares of NXP Semiconductors by 5.4% in the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider's stock worth $238,000 after purchasing an additional 45 shares during the last quarter. Finally, Crumly & Associates Inc. increased its holdings in shares of NXP Semiconductors by 2.0% in the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider's stock worth $546,000 after purchasing an additional 45 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on NXPI. Truist Financial dropped their price target on NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus dropped their price target on NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating for the company in a research report on Thursday, October 17th. Morgan Stanley dropped their price target on NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 6th. Wells Fargo & Company began coverage on NXP Semiconductors in a research report on Friday, November 22nd. They issued an "overweight" rating and a $250.00 price target for the company. Finally, Susquehanna dropped their price target on NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating for the company in a research 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 issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $274.14.

NXP Semiconductors Trading Up 2.3 %

Shares of NXP Semiconductors stock traded up $4.95 on Monday, hitting $223.61. 2,141,746 shares of the company traded hands, compared to its average volume of 2,296,909. The stock's 50 day moving average price is $231.50 and its 200-day moving average price is $248.07. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 52 week low of $201.58 and a 52 week high of $296.08. The company has a market cap of $56.83 billion, a PE ratio of 21.34, a PEG ratio of 4.41 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued 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 company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.31 earnings per share. Equities research analysts predict that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors's dividend payout ratio (DPR) is 38.74%.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 3,500 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 30,269 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by insiders.

NXP Semiconductors Company 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.