Congress Asset Management Co. Acquires 1,715 Shares of NXP Semiconductors (NASDAQ:NXPI)

Congress Asset Management Co. raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 521,992 shares of the semiconductor provider’s stock after purchasing an additional 1,715 shares during the period. Congress Asset Management Co. owned 0.20% of NXP Semiconductors worth $125,283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NXPI. Vanguard Group Inc. grew its holdings in shares of NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after buying an additional 1,909,898 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of NXP Semiconductors by 5.1% during the second quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock valued at $653,567,000 after buying an additional 118,366 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of NXP Semiconductors by 1.6% during the second quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock valued at $611,336,000 after buying an additional 35,104 shares during the last quarter. Van ECK Associates Corp boosted its holdings in NXP Semiconductors by 10.6% in the second quarter. Van ECK Associates Corp now owns 1,818,393 shares of the semiconductor provider’s stock worth $489,312,000 after purchasing an additional 173,697 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in NXP Semiconductors by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock worth $412,628,000 after purchasing an additional 80,087 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded down $8.94 during trading hours on Thursday, hitting $236.38. The company’s stock had a trading volume of 480,261 shares, compared to its average volume of 2,250,998. The company has a 50 day moving average of $238.05 and a 200 day moving average of $252.88. NXP Semiconductors has a 12-month low of $167.50 and a 12-month high of $296.08. The stock has a market cap of $60.21 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.94%.

Analyst Upgrades and Downgrades

NXPI has been the topic of several research reports. Barclays raised their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. The Goldman Sachs Group reduced their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Oppenheimer boosted their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, TD Cowen dropped their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $288.90.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.11% of the company’s stock.

NXP Semiconductors 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.