Great Valley Advisor Group Inc. Boosts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Great Valley Advisor Group Inc. raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 14.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,496 shares of the semiconductor provider’s stock after buying an additional 311 shares during the period. Great Valley Advisor Group Inc.’s holdings in NXP Semiconductors were worth $599,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Drive Wealth Management LLC grew its stake in shares of NXP Semiconductors by 4.3% during the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after acquiring an additional 39 shares during the period. Beacon Capital Management LLC increased its stake 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 buying an additional 40 shares in the last quarter. Patten Group Inc. raised its holdings in NXP Semiconductors by 1.2% during the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after acquiring an additional 42 shares during the period. West Paces Advisors Inc. lifted its position in shares of NXP Semiconductors by 3.1% in the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock valued at $404,000 after acquiring an additional 45 shares in the last quarter. Finally, Octavia Wealth Advisors LLC grew its position in shares of NXP Semiconductors by 5.4% during the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock worth $238,000 after purchasing an additional 45 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Mizuho set a $290.00 price target on NXP Semiconductors in a research note on Friday, October 18th. The Goldman Sachs Group cut their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. TD Cowen decreased their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Susquehanna cut their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Finally, Truist Financial reduced their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. 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 company’s stock. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $274.14.

Insider Activity

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was 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 directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI 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 company has a market capitalization of $58.12 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 4.55 and a beta of 1.49. The firm’s 50-day moving average is $233.53 and its 200 day moving average is $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. Research analysts predict that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Announces Dividend

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

About NXP Semiconductors

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.