Canandaigua National Bank & Trust Co. Grows Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Canandaigua National Bank & Trust Co. lifted its stake in NXP Semiconductors (NASDAQ:NXPI) by 24.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,245 shares of the semiconductor provider’s stock after purchasing an additional 641 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in NXP Semiconductors were worth $779,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the stock in a transaction on Tuesday, July 30th. The shares were bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Julie Southern purchased 146 shares of NXP Semiconductors 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 acquisition, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction 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 transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded up $1.00 during trading on Friday, reaching $234.24. The company had a trading volume of 1,599,654 shares, compared to its average volume of 2,288,781. The firm’s 50-day simple moving average is $241.25 and its 200 day simple moving average is $253.40. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08. The firm has a market capitalization of $59.89 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.51 and a beta of 1.49. 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) last released its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the company earned $3.04 EPS. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm 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. The ex-dividend date is Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.73%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stifel Nicolaus increased their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price target on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. Needham & Company LLC raised their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Morgan Stanley reduced their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

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.