Foster Victor Wealth Advisors LLC lifted its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 77.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,338 shares of the semiconductor provider’s stock after buying an additional 6,672 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $1,656,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of NXPI. Boston Partners grew its holdings in shares of NXP Semiconductors by 196.1% during the second quarter. Boston Partners now owns 5,020,470 shares of the semiconductor provider’s stock worth $490,104,000 after buying an additional 3,324,672 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of NXP Semiconductors by 581.2% during the second quarter. Nuveen Asset Management LLC now owns 2,665,036 shares of the semiconductor provider’s stock worth $260,134,000 after buying an additional 2,273,799 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of NXP Semiconductors by 221.9% during the second quarter. Point72 Asset Management L.P. now owns 2,747,433 shares of the semiconductor provider’s stock worth $268,177,000 after buying an additional 1,893,827 shares in the last quarter. PointState Capital LP purchased a new stake in shares of NXP Semiconductors during the second quarter worth about $130,046,000. Finally, Scopia Capital Management LP purchased a new stake in shares of NXP Semiconductors during the second quarter worth about $87,332,000. Institutional investors and hedge funds own 74.81% of the company’s stock.
NXPI traded up $3.84 during trading on Friday, hitting $111.09. 296,153 shares of the company’s stock were exchanged, compared to its average volume of 2,544,778. The company has a current ratio of 1.82, a quick ratio of 1.44 and a debt-to-equity ratio of 0.79. NXP Semiconductors NV has a 1 year low of $67.62 and a 1 year high of $113.50. The stock has a 50 day moving average price of $105.38 and a 200 day moving average price of $99.34. The firm has a market cap of $34.10 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.31 and a beta of 1.25.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were paid a dividend of $0.375 per share. This is an increase from NXP Semiconductors’s previous quarterly dividend of $0.25. This represents a $1.50 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, September 13th. NXP Semiconductors’s payout ratio is currently 25.25%.
In other NXP Semiconductors news, EVP Keith M. Shull sold 4,569 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $105.53, for a total transaction of $482,166.57. Following the completion of the sale, the executive vice president now directly owns 13,783 shares in the company, valued at $1,454,519.99. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Peter L. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $98.36, for a total transaction of $983,600.00. Following the sale, the chairman now owns 24,404 shares of the company’s stock, valued at $2,400,377.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,765 shares of company stock valued at $1,919,522.
A number of equities research analysts recently issued reports on NXPI shares. Evercore ISI upgraded shares of NXP Semiconductors from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $110.00 to $125.00 in a report on Monday, July 29th. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $105.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, August 29th. ValuEngine upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Sanford C. Bernstein set a $125.00 target price on shares of NXP Semiconductors and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Loop Capital set a $130.00 target price on shares of NXP Semiconductors and gave the company a “buy” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. NXP Semiconductors currently has a consensus rating of “Buy” and an average target price of $106.90.
NXP Semiconductors Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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