NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV boosted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 28.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 596 shares of the semiconductor provider’s stock after purchasing an additional 131 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in NXP Semiconductors were worth $160,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NXPI. Ballentine Partners LLC acquired a new position in NXP Semiconductors during the fourth quarter worth about $208,000. Allworth Financial LP raised its holdings in NXP Semiconductors by 13.0% in the fourth quarter. Allworth Financial LP now owns 1,465 shares of the semiconductor provider’s stock valued at $336,000 after acquiring an additional 168 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of NXP Semiconductors by 27.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock worth $1,100,000 after purchasing an additional 1,019 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of NXP Semiconductors by 3.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 148,608 shares of the semiconductor provider’s stock worth $33,720,000 after acquiring an additional 4,968 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in NXP Semiconductors by 46.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,166 shares of the semiconductor provider’s stock valued at $2,335,000 after purchasing an additional 3,203 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NXPI. UBS Group raised their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Needham & Company LLC raised their price target 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. TD Cowen reduced their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Truist Financial dropped their target price on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

Insider Buying and Selling at NXP Semiconductors

In other news, insider Julie Southern acquired 146 shares of the 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 of the company’s stock, valued at $2,909,429.38. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of NXP Semiconductors stock in a transaction that occurred on 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 directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the sale, the chief executive officer now directly owns 177,889 shares in the company, valued at $49,052,891.75. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Down 1.0 %

NASDAQ NXPI traded down $2.34 during trading hours on Monday, reaching $235.41. 3,227,521 shares of the company’s stock were exchanged, compared to its average volume of 2,268,460. 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 quick ratio of 1.52 and a current ratio of 2.21. The company’s 50-day moving average is $269.97 and its two-hundred day moving average is $251.68. The company has a market capitalization of $59.97 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49.

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, topping analysts’ consensus estimates 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 the consensus estimate of $3.13 billion. During the same quarter in the prior year, the firm posted $3.04 EPS. The business’s revenue was down 5.2% on a year-over-year basis. On average, analysts forecast that NXP Semiconductors will post 12 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is 37.49%.

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.