Cerity Partners LLC Purchases 6,164 Shares of NXP Semiconductors (NASDAQ:NXPI)

Cerity Partners LLC lifted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 21.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,132 shares of the semiconductor provider’s stock after buying an additional 6,164 shares during the quarter. Cerity Partners LLC’s holdings in NXP Semiconductors were worth $8,432,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NXPI. Van ECK Associates Corp lifted its position in shares of NXP Semiconductors by 67.2% in the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after acquiring an additional 1,222,736 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of NXP Semiconductors by 5.1% during the second quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock worth $653,567,000 after purchasing an additional 118,366 shares in the last quarter. Legal & General Group Plc raised its stake in NXP Semiconductors by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock valued at $611,336,000 after purchasing an additional 35,104 shares during the period. Bank of New York Mellon Corp lifted its holdings in NXP Semiconductors by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock worth $412,628,000 after purchasing an additional 80,087 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in NXP Semiconductors by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,086,245 shares of the semiconductor provider’s stock worth $292,246,000 after purchasing an additional 127,607 shares during the period. Institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citic Securities started coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price objective on the stock. Barclays reduced their price target on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. TD Cowen dropped their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. The Goldman Sachs Group reduced their target price on NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $274.14.

NXP Semiconductors Price Performance

NXPI stock opened at $228.66 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 12 month low of $198.00 and a 12 month high of $296.08. The stock has a market cap of $58.12 billion, a PE ratio of 21.82, a P/E/G ratio of 4.55 and a beta of 1.49. The company has a 50-day moving average price of $233.53 and a 200 day moving average price of $250.98.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 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 firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the firm posted $3.31 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. Equities research analysts anticipate that NXP Semiconductors will post 11.37 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.77%. NXP Semiconductors’s payout ratio is 38.65%.

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.