Wilmington Savings Fund Society FSB Buys New Position in NXP Semiconductors (NASDAQ:NXPI)

Wilmington Savings Fund Society FSB purchased a new position in NXP Semiconductors (NASDAQ:NXPI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,556 shares of the semiconductor provider’s stock, valued at approximately $1,574,000.

Several other large investors also recently bought and sold shares of the company. Drive Wealth Management LLC increased its position in shares of NXP Semiconductors by 4.3% during the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock worth $257,000 after acquiring an additional 39 shares during the last quarter. Patten Group Inc. increased its holdings in NXP Semiconductors by 1.2% during the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after purchasing an additional 42 shares during the last quarter. Octavia Wealth Advisors LLC raised its position in shares of NXP Semiconductors by 5.4% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after purchasing an additional 45 shares in the last quarter. Crumly & Associates Inc. boosted its stake in shares of NXP Semiconductors by 2.0% during the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after buying an additional 45 shares during the last quarter. Finally, Sterling Investment Counsel LLC grew its position in shares of NXP Semiconductors by 5.7% during the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock worth $204,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NXPI shares. Truist Financial cut their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus reduced their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. UBS Group decreased their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Morgan Stanley cut their price objective on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Finally, Mizuho set a $290.00 price target on NXP Semiconductors in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $274.14.

Insiders Place Their Bets

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

NXP Semiconductors Trading Down 0.4 %

NASDAQ:NXPI opened at $216.84 on Friday. The stock has a market cap of $55.11 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 4.43 and a beta of 1.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a 1 year low of $201.58 and a 1 year high of $296.08. The business has a fifty day moving average of $230.25 and a 200-day moving average of $246.60.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the firm posted $3.31 EPS. NXP Semiconductors’s revenue was down 5.4% compared to the same quarter last year. Equities analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be issued a dividend of $1.014 per share. The ex-dividend date is Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.87%. NXP Semiconductors’s payout ratio is 38.74%.

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.