NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Private Trust Co. NA

Private Trust Co. NA increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 915 shares of the semiconductor provider’s stock after purchasing an additional 102 shares during the quarter. Private Trust Co. NA’s holdings in NXP Semiconductors were worth $220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GDS Wealth Management grew its stake in NXP Semiconductors by 7.7% during the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after purchasing an additional 3,985 shares in the last quarter. Banque Cantonale Vaudoise grew its stake in NXP Semiconductors by 60.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after purchasing an additional 9,710 shares in the last quarter. Mather Group LLC. grew its stake in NXP Semiconductors by 23.3% during the 2nd quarter. Mather Group LLC. now owns 566 shares of the semiconductor provider’s stock worth $140,000 after purchasing an additional 107 shares in the last quarter. Mackenzie Financial Corp grew its stake in NXP Semiconductors by 21.1% during the 2nd quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock worth $41,519,000 after purchasing an additional 26,851 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in NXP Semiconductors by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock worth $72,938,000 after purchasing an additional 5,722 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 0.9 %

NXPI opened at $226.53 on Friday. The business has a 50 day moving average price of $233.19 and a two-hundred day moving average price of $250.64. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The company has a market cap of $57.57 billion, a PE ratio of 21.62, a P/E/G ratio of 4.70 and a beta of 1.49. NXP Semiconductors has a 52 week low of $198.36 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.31 EPS. As a group, research analysts anticipate that NXP Semiconductors will post 11.37 EPS for the current 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 1.79%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.74%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Barclays decreased their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Mizuho set a $290.00 price target on NXP Semiconductors in a report on Friday, October 18th. The Goldman Sachs Group decreased their price target on NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, Loop Capital initiated coverage on NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $274.14.

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.