Central Valley Advisors LLC Increases Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Central Valley Advisors LLC boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 6.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,581 shares of the semiconductor provider’s stock after buying an additional 428 shares during the quarter. NXP Semiconductors makes up about 1.0% of Central Valley Advisors LLC’s holdings, making the stock its 27th biggest position. Central Valley Advisors LLC’s holdings in NXP Semiconductors were worth $1,820,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Drive Wealth Management LLC boosted its stake in NXP Semiconductors by 4.3% during the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after acquiring an additional 39 shares during the last quarter. Beacon Capital Management LLC raised its stake in NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after buying an additional 40 shares in the last quarter. Patten Group Inc. lifted its holdings in NXP Semiconductors by 1.2% during the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after buying an additional 42 shares during the last quarter. West Paces Advisors Inc. grew its position in shares of NXP Semiconductors by 3.1% in the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after acquiring an additional 45 shares in the last quarter. Finally, Octavia Wealth Advisors LLC increased its holdings in shares of NXP Semiconductors by 5.4% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the subject of a number of research reports. Needham & Company LLC lifted their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. Stifel Nicolaus increased their target price on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, 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 report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $294.89.

NXP Semiconductors Price Performance

NXPI traded up $1.00 during midday trading on Friday, reaching $234.24. 1,599,654 shares of the company’s stock were exchanged, compared to its average volume of 2,288,781. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The business has a 50-day simple moving average of $241.25 and a two-hundred day simple moving average of $253.40. The firm has a market capitalization of $59.89 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth 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.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating the consensus estimate of $2.82 by $0.38. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. NXP Semiconductors’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.04 EPS. As a group, research analysts predict that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is 37.40%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other NXP Semiconductors news, insider Julie Southern bought 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, 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 trade was 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 the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of the firm’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 sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

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.