SevenBridge Financial Group LLC Grows Stake in NXP Semiconductors (NASDAQ:NXPI)

SevenBridge Financial Group LLC grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,069 shares of the semiconductor provider’s stock after acquiring an additional 61 shares during the quarter. SevenBridge Financial Group LLC’s holdings in NXP Semiconductors were worth $470,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Family Firm Inc. bought a new stake in NXP Semiconductors during the 2nd quarter valued at about $27,000. Addison Advisors LLC increased its position 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 acquiring an additional 74 shares in the last quarter. Valley National Advisers Inc. raised its holdings in NXP Semiconductors by 71.2% in the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 52 shares during the last quarter. Beacon Capital Management LLC raised its holdings in NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after acquiring an additional 40 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its position in NXP Semiconductors by 615.0% in the 2nd 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. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Activity

In related 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 value of $813,225.00. Following the completion of the transaction, the executive vice president now 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 filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Truist Financial reduced their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Morgan Stanley decreased their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Needham & Company LLC lowered their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Barclays lowered their price objective on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $274.14.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $226.38 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The stock has a 50-day simple moving average of $233.53 and a two-hundred day simple moving average of $251.46. The firm has a market capitalization of $57.54 billion, a PE ratio of 21.60, a P/E/G ratio of 4.51 and a beta of 1.49. NXP Semiconductors has a 52-week low of $198.00 and a 52-week high of $296.08.

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, beating analysts’ consensus estimates 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 the consensus estimate of $3.25 billion. During the same period in the previous year, the company posted $3.31 EPS. The firm’s revenue was down 5.4% on a year-over-year basis. Analysts forecast that NXP Semiconductors will post 11.37 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. Stockholders of record on Thursday, December 5th will be paid a $1.014 dividend. The ex-dividend date 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 (DPR) is presently 38.74%.

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.