Global Retirement Partners LLC Purchases 116 Shares of NXP Semiconductors (NASDAQ:NXPI)

Global Retirement Partners LLC grew its position in NXP Semiconductors (NASDAQ:NXPI) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,083 shares of the semiconductor provider’s stock after purchasing an additional 116 shares during the period. Global Retirement Partners LLC’s holdings in NXP Semiconductors were worth $500,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wedmont Private Capital acquired a new position in shares of NXP Semiconductors in the 1st quarter valued at approximately $210,000. RFG Advisory LLC increased its position in shares of NXP Semiconductors by 1.6% during the first quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock worth $740,000 after acquiring an additional 47 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of NXP Semiconductors by 8.7% during the first quarter. Ballentine Partners LLC now owns 985 shares of the semiconductor provider’s stock worth $244,000 after acquiring an additional 79 shares during the period. Dynamic Advisor Solutions LLC lifted its position in NXP Semiconductors by 14.6% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,230 shares of the semiconductor provider’s stock valued at $1,544,000 after acquiring an additional 792 shares in the last quarter. Finally, Thompson Investment Management Inc. boosted its stake in NXP Semiconductors by 7.1% in the 1st quarter. Thompson Investment Management Inc. now owns 43,687 shares of the semiconductor provider’s stock worth $10,824,000 after purchasing an additional 2,890 shares during the period. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Down 1.4 %

NXP Semiconductors stock opened at $230.15 on Tuesday. The stock has a market cap of $58.85 billion, a P/E ratio of 21.25, a P/E/G ratio of 2.63 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 twelve month low of $167.21 and a twelve month high of $296.08. The company’s 50-day moving average price is $239.36 and its two-hundred day moving average price is $252.94.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.38. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations 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 was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.04 EPS. As a group, analysts expect that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.76%. NXP Semiconductors’s payout ratio is presently 37.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Needham & Company LLC upped their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group reduced their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Citic Securities assumed coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 target price for the company. UBS Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the stock from $275.00 to $285.00 in a research note on Monday, October 7th. Finally, Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $288.90.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 shares were purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Company 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.