Philip James Wealth Mangement LLC Takes Position in NXP Semiconductors (NASDAQ:NXPI)

Philip James Wealth Mangement LLC purchased a new position in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,612 shares of the semiconductor provider's stock, valued at approximately $1,827,000.

Several other hedge funds have also recently made changes to their positions in the stock. Consolidated Planning Corp increased its position in NXP Semiconductors by 15.2% during the third quarter. Consolidated Planning Corp now owns 13,718 shares of the semiconductor provider's stock valued at $3,292,000 after acquiring an additional 1,813 shares during the last quarter. JB Capital LLC increased its position in shares of NXP Semiconductors by 3.7% during the 3rd quarter. JB Capital LLC now owns 54,974 shares of the semiconductor provider's stock valued at $13,194,000 after purchasing an additional 1,946 shares during the last quarter. Montecito Bank & Trust lifted its stake in shares of NXP Semiconductors by 25.9% in the 3rd quarter. Montecito Bank & Trust now owns 1,190 shares of the semiconductor provider's stock worth $286,000 after purchasing an additional 245 shares during the period. Principal Financial Group Inc. lifted its stake in shares of NXP Semiconductors by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider's stock worth $72,938,000 after purchasing an additional 5,722 shares during the period. Finally, Cozad Asset Management Inc. boosted its holdings in shares of NXP Semiconductors by 37.9% in the third quarter. Cozad Asset Management Inc. now owns 31,327 shares of the semiconductor provider's stock worth $7,519,000 after buying an additional 8,610 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred on 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 transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded down $2.23 during trading hours on Friday, reaching $233.89. The stock had a trading volume of 2,743,066 shares, compared to its average volume of 2,297,741. The stock has a market capitalization of $59.44 billion, a PE ratio of 22.32, a PEG ratio of 2.57 and a beta of 1.49. NXP Semiconductors has a 52 week low of $179.64 and a 52 week high of $296.08. The company has a 50 day moving average price of $235.72 and a two-hundred day moving average price of $253.17. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21.

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 for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 34.11%. 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 business posted $3.31 earnings per share. NXP Semiconductors's quarterly revenue was down 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors 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 1.73%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors's payout ratio is 38.65%.

Wall Street Analyst Weigh In

Several research firms have weighed in on NXPI. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating on the stock in a research report on Thursday, October 17th. Evercore ISI decreased their target price on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating on the stock in a report on Wednesday. UBS Group lowered their target price on NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a research report on Wednesday. Mizuho set a $290.00 price target on NXP Semiconductors in a research report on Friday, October 18th. Finally, Oppenheimer lowered their price objective on NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average price target of $275.60.

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.