NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors increased its position in NXP Semiconductors (NASDAQ:NXPI) by 1.4% in the third quarter, Holdings Channel reports. The firm owned 19,014 shares of the semiconductor provider’s stock after purchasing an additional 266 shares during the quarter. Captrust Financial Advisors’ holdings in NXP Semiconductors were worth $4,564,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Family Firm Inc. acquired a new position in NXP Semiconductors in the second quarter worth about $27,000. Addison Advisors LLC grew its stake in NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares in the last quarter. Valley National Advisers Inc. grew its stake in NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in NXP Semiconductors in the second quarter worth about $48,000. Finally, Fairfield Financial Advisors LTD bought a new position in NXP Semiconductors in the second quarter worth about $54,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 2.2 %

NASDAQ NXPI opened at $228.36 on Wednesday. NXP Semiconductors has a 1-year low of $201.58 and a 1-year high of $296.08. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $58.04 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 4.71 and a beta of 1.46. The firm’s fifty day simple moving average is $233.06 and its 200-day simple moving average is $249.60.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the business posted $3.31 earnings per share. NXP Semiconductors’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

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 given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.65%.

Insiders Place Their Bets

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 transaction of $813,225.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Needham & Company LLC cut their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Truist Financial cut their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Loop Capital assumed coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price on the stock. Barclays cut their target price 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. Finally, Mizuho set a $290.00 target price on shares of NXP Semiconductors in a report on Friday, October 18th. One investment 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. According to data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $274.14.

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.