Harbor Investment Advisory LLC Has $1.29 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Harbor Investment Advisory LLC lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,354 shares of the semiconductor provider’s stock after selling 86 shares during the period. Harbor Investment Advisory LLC’s holdings in NXP Semiconductors were worth $1,285,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in NXP Semiconductors by 893.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. Norden Group LLC purchased a new position in shares of NXP Semiconductors in the 1st quarter worth about $1,775,000. Congress Asset Management Co. MA grew its position in NXP Semiconductors by 0.8% during the fourth quarter. Congress Asset Management Co. MA now owns 509,420 shares of the semiconductor provider’s stock valued at $117,004,000 after buying an additional 4,074 shares during the period. Bessemer Group Inc. grew its position in shares of NXP Semiconductors by 4,525.6% during the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after acquiring an additional 349,061 shares during the period. Finally, M&G Plc bought a new position in shares of NXP Semiconductors during the 1st quarter valued at approximately $65,830,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NXPI. Morgan Stanley lowered their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Needham & Company LLC lifted their price target on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Oppenheimer increased their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Finally, TD Cowen reduced their target price on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $234.24 on Friday. The company’s fifty day moving average price is $241.25 and its 200-day moving average price is $253.52. The firm has a market capitalization of $59.89 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.51 and a beta of 1.49. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.04 EPS. On average, equities research analysts anticipate that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be 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 of this dividend is Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.40%.

Insider Activity

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

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.