Orion Porfolio Solutions LLC Increases Position in NXP Semiconductors N.V. $NXPI

Orion Porfolio Solutions LLC increased its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 12.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,276 shares of the semiconductor provider’s stock after purchasing an additional 3,680 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in NXP Semiconductors were worth $7,489,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NXPI. Brighton Jones LLC lifted its position in shares of NXP Semiconductors by 20.6% during the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock valued at $265,000 after buying an additional 218 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of NXP Semiconductors by 105.7% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 8,896 shares of the semiconductor provider’s stock worth $1,691,000 after acquiring an additional 4,571 shares in the last quarter. Fox Run Management L.L.C. lifted its position in NXP Semiconductors by 3.3% during the first quarter. Fox Run Management L.L.C. now owns 1,669 shares of the semiconductor provider’s stock valued at $317,000 after acquiring an additional 54 shares during the last quarter. Horizon Investments LLC lifted its position in NXP Semiconductors by 4.6% during the first quarter. Horizon Investments LLC now owns 3,647 shares of the semiconductor provider’s stock valued at $693,000 after acquiring an additional 162 shares during the last quarter. Finally, Corient IA LLC acquired a new stake in NXP Semiconductors in the first quarter valued at approximately $380,000. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

NXPI has been the subject of a number of research analyst reports. Arete Research increased their price target on NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a research note on Monday, December 8th. Evercore ISI increased their price objective on shares of NXP Semiconductors from $289.00 to $292.00 in a research report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their target price on shares of NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Sanford C. Bernstein set a $220.00 price objective on shares of NXP Semiconductors and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Finally, Truist Financial upped their target price on NXP Semiconductors from $252.00 to $254.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $260.04.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 8,372 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the sale, the executive vice president owned 19,175 shares in the company, valued at approximately $3,969,416.75. This trade represents a 30.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher L. Jensen sold 2,300 shares of NXP Semiconductors stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total transaction of $524,791.00. Following the completion of the transaction, the executive vice president directly owned 9,965 shares of the company’s stock, valued at $2,273,714.05. The trade was a 18.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by insiders.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $231.83 on Tuesday. The firm has a market capitalization of $58.34 billion, a P/E ratio of 28.69, a PEG ratio of 3.39 and a beta of 1.46. The stock has a 50-day simple moving average of $210.79 and a two-hundred day simple moving average of $218.02. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $255.45.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the business posted $3.45 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. On average, equities analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, December 10th. NXP Semiconductors’s payout ratio is currently 50.25%.

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.