Janus Henderson Group PLC Purchases 20,145 Shares of NXP Semiconductors (NASDAQ:NXPI)

Janus Henderson Group PLC increased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,730,933 shares of the semiconductor provider’s stock after acquiring an additional 20,145 shares during the quarter. Janus Henderson Group PLC owned about 1.07% of NXP Semiconductors worth $655,453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NXPI. Family Firm Inc. acquired a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $27,000. Addison Advisors LLC raised its holdings in shares of NXP Semiconductors by 224.2% in the second 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. Valley National Advisers Inc. raised its holdings in shares of NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $33,000. Finally, Fortitude Family Office LLC raised 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 purchasing an additional 123 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of recent research reports. UBS Group lowered their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Morgan Stanley lowered their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. TD Cowen lowered their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Susquehanna lowered their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $274.14.

NXP Semiconductors Trading Up 1.8 %

Shares of NXP Semiconductors stock opened at $233.61 on Tuesday. The firm has a 50-day moving average of $233.14 and a 200-day moving average of $250.13. The stock has a market cap of $59.37 billion, a PE ratio of 22.29, a PEG ratio of 4.62 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 company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $3.31 earnings per share. As a group, sell-side analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be paid a dividend of $1.014 per share. The ex-dividend date is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. NXP Semiconductors’s payout ratio is 38.74%.

Insiders Place Their Bets

In other NXP Semiconductors 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 in the company, valued at $7,033,002.15. This 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. Corporate insiders own 0.11% of the company’s stock.

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.