Franklin Resources Inc. Purchases 93,129 Shares of NXP Semiconductors (NASDAQ:NXPI)

Franklin Resources Inc. raised its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,459,689 shares of the semiconductor provider’s stock after acquiring an additional 93,129 shares during the quarter. Franklin Resources Inc. owned approximately 1.75% of NXP Semiconductors worth $1,063,322,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Drive Wealth Management LLC boosted its position in NXP Semiconductors by 4.3% during the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after acquiring an additional 39 shares in the last quarter. Patten Group Inc. boosted its position in NXP Semiconductors by 1.2% during the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after acquiring an additional 42 shares in the last quarter. Octavia Wealth Advisors LLC boosted its position in NXP Semiconductors by 5.4% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after acquiring an additional 45 shares in the last quarter. Crumly & Associates Inc. boosted its position in 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 acquiring an additional 45 shares in the last quarter. Finally, Sterling Investment Counsel LLC boosted its position in NXP Semiconductors by 5.7% during the 3rd quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after acquiring an additional 46 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Down 1.0 %

NASDAQ:NXPI opened at $217.73 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The firm has a market capitalization of $55.34 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 4.43 and a beta of 1.46. NXP Semiconductors has a one year low of $201.58 and a one year high of $296.08. The business has a fifty day moving average price of $230.59 and a 200-day moving average price of $247.25.

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

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. The Goldman Sachs Group cut their price objective on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Needham & Company LLC decreased their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Susquehanna decreased their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a report on Monday, November 4th. Finally, Evercore ISI decreased their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $274.14.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s 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 sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 10.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.