NXP Semiconductors N.V. $NXPI Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 307.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,179,129 shares of the semiconductor provider’s stock after purchasing an additional 889,883 shares during the period. NXP Semiconductors makes up approximately 0.9% of SG Americas Securities LLC’s portfolio, making the stock its 14th largest position. SG Americas Securities LLC owned about 0.47% of NXP Semiconductors worth $268,523,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in NXPI. Brown Lisle Cummings Inc. raised its stake in shares of NXP Semiconductors by 121.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 84 shares in the last quarter. Delos Wealth Advisors LLC acquired a new position in NXP Semiconductors during the second quarter worth $35,000. True Wealth Design LLC raised its position in NXP Semiconductors by 375.6% in the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after acquiring an additional 154 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in NXP Semiconductors in the second quarter worth $43,000. Finally, North Capital Inc. lifted its holdings in NXP Semiconductors by 119.8% in the third quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock valued at $43,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.7%

NXPI stock opened at $239.34 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69. The company’s 50 day simple moving average is $213.64 and its 200-day simple moving average is $219.91. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $255.45. The firm has a market capitalization of $60.24 billion, a PE ratio of 29.62, a P/E/G ratio of 3.09 and a beta of 1.46.

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

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 50.12%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NXPI. Cantor Fitzgerald reiterated an “overweight” rating and issued a $280.00 price target on shares of NXP Semiconductors in a report on Tuesday, October 28th. Arete Research increased their target price on shares of NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a report on Monday, December 8th. Stifel Nicolaus set a $215.00 price target on shares of NXP Semiconductors in a research report on Tuesday, October 28th. Sanford C. Bernstein set a $220.00 price target on NXP Semiconductors and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Finally, Truist Financial lifted their price objective on NXP Semiconductors from $254.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $260.62.

Insider Activity at NXP Semiconductors

In other news, insider Julie Southern bought 225 shares of NXP Semiconductors stock in a transaction on Wednesday, December 3rd. The shares were bought at an average cost of $225.48 per share, for a total transaction of $50,733.00. Following the acquisition, the insider owned 11,937 shares in the company, valued at approximately $2,691,554.76. This trade represents a 1.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the sale, the executive vice president owned 11,811 shares of the company’s stock, valued at approximately $2,609,522.34. This trade represents a 51.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 23,097 shares of company stock valued at $5,003,058. 0.12% of the stock is owned by insiders.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.