Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys 966,564 Shares of NXP Semiconductors N.V. $NXPI

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 966,564 shares of the semiconductor provider’s stock, valued at approximately $229,588,000. NXP Semiconductors accounts for 2.2% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 12th biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.38% of NXP Semiconductors as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Allied Private Wealth LLC purchased a new stake in NXP Semiconductors in the second quarter valued at approximately $28,000. Bell Investment Advisors Inc purchased a new position in NXP Semiconductors during the second quarter worth approximately $29,000. Fiduciary Financial Advisors purchased a new position in NXP Semiconductors during the second quarter worth approximately $28,000. Fortitude Family Office LLC purchased a new position in NXP Semiconductors during the third quarter worth approximately $26,000. Finally, Triumph Capital Management acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at $29,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 3,355 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the sale, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. This represents a 92.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the transaction, the executive vice president directly owned 7,942 shares in the company, valued at $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Price Performance

NXPI opened at $234.92 on Monday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The firm has a 50 day moving average price of $230.20 and a 200 day moving average price of $257.88. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The company has a market cap of $59.24 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.80.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the previous year, the company posted $2.72 earnings per share. NXP Semiconductors’s revenue was up 19.5% compared to the same quarter last year. Sell-side analysts expect that NXP Semiconductors N.V. will post 13.75 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were paid a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Oppenheimer upped their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Morgan Stanley increased their target price on NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and issued a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a report on Monday, August 3rd. Finally, Mizuho reduced their target price on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a report on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $302.30.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.