Exchange Traded Concepts LLC Acquires 5,239 Shares of NXP Semiconductors (NASDAQ:NXPI)

Exchange Traded Concepts LLC raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 2,095.6% during the third quarter, Holdings Channel reports. The firm owned 5,489 shares of the semiconductor provider’s stock after buying an additional 5,239 shares during the period. Exchange Traded Concepts LLC’s holdings in NXP Semiconductors were worth $1,317,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its position in NXP Semiconductors by 62.8% in the first quarter. GAMMA Investing LLC now owns 1,120 shares of the semiconductor provider’s stock valued at $278,000 after acquiring an additional 432 shares during the period. First Hawaiian Bank grew its holdings in shares of NXP Semiconductors by 4.6% in the 1st quarter. First Hawaiian Bank now owns 5,380 shares of the semiconductor provider’s stock worth $1,333,000 after purchasing an additional 235 shares during the last quarter. Mather Group LLC. bought a new stake in shares of NXP Semiconductors in the 1st quarter worth about $105,000. Rise Advisors LLC acquired a new stake in shares of NXP Semiconductors during the 1st quarter worth about $35,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in NXP Semiconductors by 17.7% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 465 shares of the semiconductor provider’s stock valued at $115,000 after purchasing an additional 70 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Down 0.1 %

NASDAQ:NXPI opened at $232.73 on Thursday. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The stock’s fifty day simple moving average is $239.99 and its 200-day simple moving average is $253.09. The firm has a market capitalization of $59.51 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.58 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.04 earnings per share. Equities research analysts expect that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.74%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s payout ratio is presently 37.40%.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business’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 $7,033,002.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the stock in a transaction on Tuesday, July 30th. The stock was bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors 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 owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the topic of several research analyst reports. Barclays upped their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Citigroup raised their price target on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a report on Monday, July 15th. Cantor Fitzgerald reduced their price objective on NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. Truist Financial lowered their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Morgan Stanley reduced their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $291.40.

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.