Providence Capital Advisors LLC Boosts Stake in NXP Semiconductors (NASDAQ:NXPI)

Providence Capital Advisors LLC raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 0.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,779 shares of the semiconductor provider’s stock after purchasing an additional 209 shares during the quarter. NXP Semiconductors accounts for 1.5% of Providence Capital Advisors LLC’s holdings, making the stock its 16th largest holding. Providence Capital Advisors LLC’s holdings in NXP Semiconductors were worth $6,937,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised 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 valued at $535,747,000 after purchasing an additional 2,097,727 shares during the period. Vanguard Group Inc. raised its holdings in shares of NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after buying an additional 1,909,898 shares during the period. Public Employees Retirement Association of Colorado purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at $164,044,000. Kodai Capital Management LP purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at $125,319,000. Finally, Bessemer Group Inc. raised its holdings in shares of NXP Semiconductors by 4,525.6% in the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after buying an additional 349,061 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Oppenheimer boosted their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Truist Financial lowered their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Barclays boosted their target price on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Morgan Stanley lowered their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, Citigroup boosted their target price on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction 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 approximately $7,033,002.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was 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 of the company’s stock, valued at approximately $7,033,002.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Julie Southern bought 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Stock Down 0.0 %

Shares of NASDAQ NXPI opened at $231.86 on Tuesday. The stock has a market cap of $59.28 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. 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 52-week low of $167.21 and a 52-week high of $296.08. The business has a 50-day moving average price of $246.99 and a 200 day moving average price of $254.17.

NXP Semiconductors (NASDAQ:NXPI) last announced its 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. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.04 EPS. Equities research analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed 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 is presently 37.40%.

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.