ASB Consultores LLC Increases Stock Position in NXP Semiconductors (NASDAQ:NXPI)

ASB Consultores LLC increased its position in NXP Semiconductors (NASDAQ:NXPI) by 8.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,562 shares of the semiconductor provider’s stock after buying an additional 118 shares during the period. ASB Consultores LLC’s holdings in NXP Semiconductors were worth $375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its position in shares of NXP Semiconductors by 4.4% in the first quarter. Private Advisor Group LLC now owns 14,232 shares of the semiconductor provider’s stock worth $3,526,000 after acquiring an additional 595 shares in the last quarter. Graypoint LLC purchased a new position in NXP Semiconductors in the first quarter valued at about $226,000. Financial Counselors Inc. lifted its stake in shares of NXP Semiconductors by 11.2% during the first quarter. Financial Counselors Inc. now owns 2,434 shares of the semiconductor provider’s stock worth $603,000 after purchasing an additional 245 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of NXP Semiconductors by 4.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,235 shares of the semiconductor provider’s stock worth $802,000 after buying an additional 132 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of NXP Semiconductors in the first quarter valued at about $54,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction 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 of the company’s stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Truist Financial reduced 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. TD Cowen decreased their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. 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. The Goldman Sachs Group cut their price target on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Finally, Barclays raised their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.90.

NXP Semiconductors Stock Down 0.7 %

NXPI stock opened at $236.90 on Tuesday. 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 firm’s 50-day simple moving average is $237.30 and its 200 day simple moving average is $253.27. The stock has a market cap of $60.35 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 2.59 and a beta of 1.49. NXP Semiconductors has a fifty-two week low of $178.19 and a fifty-two week high of $296.08.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued 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 1.71%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.94%.

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.