NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Integrated Advisors Network LLC

Integrated Advisors Network LLC lifted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,996 shares of the semiconductor provider’s stock after acquiring an additional 869 shares during the quarter. Integrated Advisors Network LLC’s holdings in NXP Semiconductors were worth $4,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its stake in NXP Semiconductors by 110.2% during the third quarter. China Universal Asset Management Co. Ltd. now owns 3,231 shares of the semiconductor provider’s stock valued at $778,000 after purchasing an additional 1,694 shares during the last quarter. abrdn plc boosted its holdings in shares of NXP Semiconductors by 0.9% in the 3rd quarter. abrdn plc now owns 538,451 shares of the semiconductor provider’s stock valued at $128,275,000 after buying an additional 4,674 shares during the period. Pallas Capital Advisors LLC grew its position in shares of NXP Semiconductors by 6.3% during the 3rd quarter. Pallas Capital Advisors LLC now owns 13,596 shares of the semiconductor provider’s stock valued at $3,250,000 after buying an additional 803 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in NXP Semiconductors by 444.4% in the third quarter. Nisa Investment Advisors LLC now owns 56,410 shares of the semiconductor provider’s stock valued at $13,551,000 after acquiring an additional 46,049 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in shares of NXP Semiconductors by 9.3% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 2,710 shares of the semiconductor provider’s stock valued at $650,000 after purchasing an additional 230 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NXPI has been the topic of a number of recent research reports. Citic Securities began coverage on NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 target price on the stock. Citigroup increased their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research report on Monday, July 15th. Truist Financial dropped their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. The Goldman Sachs Group cut their target price on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Finally, Needham & Company LLC increased their price target on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $288.90.

NXP Semiconductors Stock Up 0.6 %

NASDAQ NXPI opened at $251.11 on Tuesday. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The stock has a market cap of $63.97 billion, a PE ratio of 23.34, a PEG ratio of 2.63 and a beta of 1.49. The firm has a 50-day simple moving average of $238.20 and a 200 day simple moving average of $252.78. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.62%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.94%.

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors 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 transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.