Nikulski Financial Inc. Raises Holdings in NXP Semiconductors (NASDAQ:NXPI)

Nikulski Financial Inc. increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,912 shares of the semiconductor provider’s stock after acquiring an additional 112 shares during the period. Nikulski Financial Inc.’s holdings in NXP Semiconductors were worth $939,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Family Firm Inc. acquired a new position in NXP Semiconductors in the 2nd quarter valued at about $27,000. Addison Advisors LLC boosted its holdings in NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 74 shares during the period. Valley National Advisers Inc. raised its stake in shares of NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 52 shares during the period. Beacon Capital Management LLC lifted its position in shares of NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in shares of NXP Semiconductors by 615.0% in the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after purchasing an additional 123 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’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 value of $813,225.00. Following the completion of the sale, the executive vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by insiders.

NXP Semiconductors Stock Down 3.3 %

NASDAQ NXPI traded down $8.20 on Thursday, reaching $237.12. The stock had a trading volume of 202,508 shares, compared to its average volume of 2,249,681. The company has a market capitalization of $60.40 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 2.63 and a beta of 1.49. 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 1 year low of $167.50 and a 1 year high of $296.08. The business has a 50 day moving average price of $238.05 and a 200 day moving average price of $252.88.

NXP Semiconductors Dividend Announcement

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 $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is 37.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. TD Cowen dropped their price objective on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. UBS Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $275.00 to $285.00 in a report on Monday, October 7th. Truist Financial dropped their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. The Goldman Sachs Group dropped their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $288.90.

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.