NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 9.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,734 shares of the semiconductor provider’s stock after acquiring an additional 1,013 shares during the period. Harvest Fund Management Co. Ltd’s holdings in NXP Semiconductors were worth $2,816,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Family Firm Inc. purchased a new stake in NXP Semiconductors during the 2nd quarter worth $27,000. Addison Advisors LLC raised its holdings in shares of NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 74 shares during the last quarter. Valley National Advisers Inc. raised its stake in NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 52 shares in the last quarter. Beacon Capital Management LLC lifted its holdings in NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 40 shares during the period. Finally, Fortitude Family Office LLC boosted its holdings in shares of NXP Semiconductors by 615.0% in the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after acquiring an additional 123 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Up 0.8 %

NASDAQ:NXPI opened at $226.38 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a 1 year low of $198.00 and a 1 year high of $296.08. The company has a market cap of $57.54 billion, a P/E ratio of 21.60, a P/E/G ratio of 4.55 and a beta of 1.49. The stock’s fifty day moving average price is $233.53 and its two-hundred day moving average price is $251.40.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm earned $3.31 earnings per share. NXP Semiconductors’s revenue was down 5.4% on a year-over-year basis. As a group, analysts expect that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Announces Dividend

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

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This represents a 10.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research report on Friday. They issued an “overweight” rating and a $250.00 price target on the stock. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Barclays dropped their price objective on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC decreased their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average price target of $274.14.

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.