UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $550.67 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NXP Semiconductors (NASDAQ:NXPI) by 387.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,294,340 shares of the semiconductor provider’s stock after purchasing an additional 1,823,650 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NXP Semiconductors were worth $550,665,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Drive Wealth Management LLC grew its stake in shares of NXP Semiconductors by 4.3% in the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after buying an additional 39 shares during the period. Patten Group Inc. lifted its position in NXP Semiconductors by 1.2% in the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after acquiring an additional 42 shares in the last quarter. West Paces Advisors Inc. lifted its position in NXP Semiconductors by 3.1% in the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock valued at $404,000 after acquiring an additional 45 shares in the last quarter. Octavia Wealth Advisors LLC lifted its position in 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 in the last quarter. Finally, Crumly & Associates Inc. lifted its position in NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after acquiring an additional 45 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 0.9 %

Shares of NASDAQ:NXPI opened at $226.53 on Friday. NXP Semiconductors has a 52-week low of $198.36 and a 52-week high of $296.08. The firm has a fifty day moving average of $233.19 and a 200 day moving average of $250.64. The firm has a market capitalization of $57.57 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 4.57 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the business earned $3.31 earnings per share. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, research analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NXPI shares. Needham & Company LLC dropped their price target on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Evercore ISI dropped their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Morgan Stanley dropped their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, Susquehanna dropped their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $274.14.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were 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. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by insiders.

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.