M&T Bank Corp Grows Stock Position in NXP Semiconductors (NASDAQ:NXPI)

M&T Bank Corp boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,150 shares of the semiconductor provider’s stock after purchasing an additional 452 shares during the quarter. M&T Bank Corp’s holdings in NXP Semiconductors were worth $1,956,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in shares of NXP Semiconductors during the second quarter worth approximately $27,000. Addison Advisors LLC increased its position in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $33,000. Valley Wealth Managers Inc. acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at $48,000. Finally, Avior Wealth Management LLC lifted its position in shares of NXP Semiconductors by 182.1% during the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock worth $53,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $216.84 on Friday. The firm has a market cap of $55.11 billion, a P/E ratio of 20.69, a P/E/G ratio of 4.43 and a beta of 1.46. NXP Semiconductors has a 52-week low of $201.58 and a 52-week high of $296.08. The business’s 50-day moving average price is $230.25 and its 200 day moving average price is $246.60. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

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

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be given a $1.014 dividend. The ex-dividend date is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.87%. NXP Semiconductors’s payout ratio is currently 38.74%.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This represents a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NXPI shares. Evercore ISI cut their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Truist Financial cut their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Citic Securities assumed coverage on NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 target price for the company. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a research note on Friday, October 18th. Finally, Needham & Company LLC reduced their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.14.

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.