D.A. Davidson & CO. Decreases Stake in NXP Semiconductors (NASDAQ:NXPI)

D.A. Davidson & CO. trimmed its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,326 shares of the semiconductor provider’s stock after selling 802 shares during the quarter. D.A. Davidson & CO.’s holdings in NXP Semiconductors were worth $1,998,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NXPI. Drive Wealth Management LLC increased its holdings in NXP Semiconductors by 4.3% during the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock worth $257,000 after purchasing an additional 39 shares during the last quarter. Patten Group Inc. raised its holdings in NXP Semiconductors by 1.2% in the second 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. boosted its stake in NXP Semiconductors by 3.1% during 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 during the last quarter. Octavia Wealth Advisors LLC grew its holdings in NXP Semiconductors by 5.4% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock worth $238,000 after acquiring an additional 45 shares in the last quarter. Finally, Crumly & Associates Inc. increased its position in shares of NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the topic of several research analyst reports. The Goldman Sachs Group decreased their price target on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. TD Cowen dropped their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. Finally, Truist Financial reduced their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $274.14.

NXP Semiconductors Stock Up 1.3 %

NXP Semiconductors stock opened at $229.37 on Friday. NXP Semiconductors has a 52 week low of $201.58 and a 52 week high of $296.08. The stock has a market cap of $58.30 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 4.57 and a beta of 1.49. The company’s 50-day moving average price is $233.14 and its two-hundred day moving average price is $250.40. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the business earned $3.31 earnings per share. On average, analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.77%. NXP Semiconductors’s dividend payout ratio is currently 38.65%.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.

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.