NXP Semiconductors N.V. $NXPI Stock Holdings Decreased by Core Alternative Capital

Core Alternative Capital lessened its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 83.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,807 shares of the semiconductor provider’s stock after selling 14,197 shares during the quarter. Core Alternative Capital’s holdings in NXP Semiconductors were worth $639,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. Transcend Capital Advisors LLC raised its stake in NXP Semiconductors by 2.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 1,824 shares of the semiconductor provider’s stock valued at $399,000 after purchasing an additional 50 shares during the period. Rovin Capital UT ADV raised its position in NXP Semiconductors by 1.5% during the third quarter. Rovin Capital UT ADV now owns 3,573 shares of the semiconductor provider’s stock valued at $814,000 after buying an additional 52 shares during the period. IHT Wealth Management LLC lifted its stake in NXP Semiconductors by 4.6% in the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after acquiring an additional 52 shares in the last quarter. Invera Wealth Advisors LLC boosted its position in NXP Semiconductors by 0.9% during the 3rd quarter. Invera Wealth Advisors LLC now owns 6,104 shares of the semiconductor provider’s stock worth $1,390,000 after acquiring an additional 56 shares during the period. Finally, Avidian Wealth Enterprises LLC grew its stake in NXP Semiconductors by 1.9% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 3,008 shares of the semiconductor provider’s stock valued at $685,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NXPI. Sanford C. Bernstein set a $220.00 price target on shares of NXP Semiconductors and gave the stock a “market perform” rating in a research report on Wednesday, October 29th. Citigroup increased their target price on shares of NXP Semiconductors from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Truist Financial boosted their price target on shares of NXP Semiconductors from $254.00 to $265.00 and gave the company a “buy” rating in a report on Friday, December 19th. Cantor Fitzgerald reiterated an “overweight” rating and set a $280.00 price objective on shares of NXP Semiconductors in a report on Tuesday, October 28th. Finally, TD Cowen boosted their target price on NXP Semiconductors from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $259.29.

Insider Activity at NXP Semiconductors

In related news, insider Julie Southern acquired 225 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average cost of $225.48 per share, with a total value of $50,733.00. Following the purchase, the insider owned 11,937 shares of the company’s stock, valued at approximately $2,691,554.76. The trade was a 1.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher L. Jensen sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total value of $524,791.00. Following the completion of the sale, the executive vice president owned 9,965 shares of the company’s stock, valued at approximately $2,273,714.05. This trade represents a 18.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 23,097 shares of company stock valued at $5,003,058. Corporate insiders own 0.12% of the company’s stock.

NXP Semiconductors Stock Down 0.7%

NXP Semiconductors stock opened at $229.42 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $255.45. The firm’s fifty day simple moving average is $222.90 and its 200-day simple moving average is $221.01. The company has a market capitalization of $57.74 billion, a P/E ratio of 28.39, a P/E/G ratio of 2.89 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 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company earned $3.45 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. Sell-side analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio is currently 50.25%.

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.