3Chopt Investment Partners LLC Takes Position in NXP Semiconductors (NASDAQ:NXPI)

3Chopt Investment Partners LLC acquired a new position in NXP Semiconductors (NASDAQ:NXPI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 990 shares of the semiconductor provider’s stock, valued at approximately $267,000.

Several other hedge funds have also recently bought and sold shares of NXPI. Future Financial Wealth Managment LLC bought a new position in NXP Semiconductors in the 1st quarter worth about $25,000. Family Firm Inc. acquired a new position in shares of NXP Semiconductors during the second quarter worth approximately $27,000. Addison Advisors LLC grew its holdings in NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 74 shares in the last quarter. LifeSteps Financial Inc. acquired a new stake in NXP Semiconductors in the 1st quarter valued at approximately $30,000. Finally, Valley National Advisers Inc. raised its stake in NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 52 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NXPI. Oppenheimer increased their price target on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Barclays increased their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Truist Financial reduced their price target on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Needham & Company LLC raised their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Trading Down 3.2 %

Shares of NASDAQ NXPI opened at $232.22 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08. The company has a market cap of $59.37 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 2.51 and a beta of 1.49. The business has a fifty day simple moving average of $242.30 and a 200-day simple moving average of $253.69.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period last year, the company posted $3.04 earnings per share. Sell-side analysts predict that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.40%.

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.