Creative Planning Sells 89 Shares of NXP Semiconductors (NASDAQ:NXPI)

Creative Planning reduced its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,509 shares of the semiconductor provider’s stock after selling 89 shares during the quarter. Creative Planning’s holdings in NXP Semiconductors were worth $8,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after purchasing an additional 1,909,898 shares in the last quarter. Ameriprise Financial Inc. increased its position in NXP Semiconductors by 5.1% during the second quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock valued at $653,567,000 after acquiring an additional 118,366 shares during the last quarter. Legal & General Group Plc increased its position in NXP Semiconductors by 1.6% during the second quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock valued at $611,336,000 after acquiring an additional 35,104 shares during the last quarter. Van ECK Associates Corp increased its position in NXP Semiconductors by 10.6% during the second quarter. Van ECK Associates Corp now owns 1,818,393 shares of the semiconductor provider’s stock valued at $489,312,000 after acquiring an additional 173,697 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in NXP Semiconductors by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock valued at $412,628,000 after acquiring an additional 80,087 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $231.52 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.52 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 stock has a 50-day moving average price of $239.03 and a 200 day moving average price of $252.88. The stock has a market capitalization of $59.20 billion, a P/E ratio of 21.38, a P/E/G ratio of 2.63 and a beta of 1.49.

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

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is presently 37.40%.

Insider Activity at NXP Semiconductors

In related news, insider Julie Southern acquired 146 shares of the stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now directly 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 hyperlink. In related news, insider Julie Southern acquired 146 shares of the stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now directly 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 hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction that occurred 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 directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on NXPI shares. Cantor Fitzgerald reduced their price objective on NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Morgan Stanley reduced their price objective on 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. Barclays upped their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Citigroup upped their price target on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. Finally, Citic Securities started coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $288.90.

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.