Wilmington Savings Fund Society FSB Acquires Shares of 6,556 NXP Semiconductors (NASDAQ:NXPI)

Wilmington Savings Fund Society FSB acquired a new stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,556 shares of the semiconductor provider's stock, valued at approximately $1,574,000.

A number of other institutional investors have also made changes to their positions in NXPI. GDS Wealth Management raised its stake in NXP Semiconductors by 7.7% during the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider's stock worth $13,378,000 after acquiring an additional 3,985 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in NXP Semiconductors in the third quarter worth $13,445,000. Banque Cantonale Vaudoise grew its position in NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider's stock worth $6,204,000 after purchasing an additional 9,710 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of NXP Semiconductors by 21.1% during the second quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider's stock valued at $41,519,000 after buying an additional 26,851 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of NXP Semiconductors by 1.9% during the third quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider's stock worth $72,938,000 after buying an additional 5,722 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 0.4 %

Shares of NXP Semiconductors stock traded down $0.89 during trading on Friday, reaching $216.84. 2,855,604 shares of the company traded hands, compared to its average volume of 2,295,447. The firm has a market capitalization of $55.11 billion, a PE ratio of 20.69, a P/E/G ratio of 4.43 and a beta of 1.46. NXP Semiconductors has a 1-year low of $201.58 and a 1-year high of $296.08. The company has a 50 day moving average price of $230.25 and a 200-day moving average price of $246.60. 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 announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) 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 business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the company posted $3.31 earnings per share. NXP Semiconductors's revenue was down 5.4% compared to the same quarter last year. As a group, equities research analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors's dividend payout ratio is currently 38.74%.

Insider Transactions at NXP Semiconductors

In other 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 transaction of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Analyst Ratings Changes

NXPI has been the topic of several research analyst reports. Citic Securities started coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 target price on the stock. Stifel Nicolaus lowered 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. Morgan Stanley dropped their target price 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. The Goldman Sachs Group reduced their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, Evercore ISI dropped their price target on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $274.14.

About NXP Semiconductors

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.