Claro Advisors LLC Boosts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Claro Advisors LLC raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 24.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,022 shares of the semiconductor provider’s stock after purchasing an additional 393 shares during the period. Claro Advisors LLC’s holdings in NXP Semiconductors were worth $485,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NXPI. State Board of Administration of Florida Retirement System grew its holdings in NXP Semiconductors by 13.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,316 shares of the semiconductor provider’s stock valued at $4,290,000 after buying an additional 2,100 shares during the last quarter. Blair William & Co. IL lifted its position in shares of NXP Semiconductors by 13.8% in the first quarter. Blair William & Co. IL now owns 6,263 shares of the semiconductor provider’s stock valued at $1,552,000 after acquiring an additional 758 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of NXP Semiconductors by 10.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 21,610 shares of the semiconductor provider’s stock valued at $5,354,000 after acquiring an additional 2,096 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of NXP Semiconductors by 4,525.6% during the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after acquiring an additional 349,061 shares during the last quarter. Finally, Lake Street Advisors Group LLC purchased a new stake in NXP Semiconductors during the 1st quarter worth about $275,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Up 1.5 %

Shares of NXPI stock opened at $220.19 on Tuesday. 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 has a fifty-two week low of $198.00 and a fifty-two week high of $296.08. The firm’s 50 day moving average price is $233.94 and its two-hundred day moving average price is $252.43. The stock has a market cap of $55.96 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 4.36 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the firm posted $3.31 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, analysts anticipate that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is 38.74%.

Insider Activity

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 transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 10.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NXPI shares. Loop Capital started coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price on the stock. TD Cowen reduced their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Oppenheimer decreased their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Susquehanna cut their price target on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Finally, Stifel Nicolaus decreased their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $276.76.

About NXP Semiconductors

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.