TD Private Client Wealth LLC Acquires 137 Shares of NXP Semiconductors (NASDAQ:NXPI)

TD Private Client Wealth LLC raised its stake in NXP Semiconductors (NASDAQ:NXPI) by 6.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,438 shares of the semiconductor provider’s stock after acquiring an additional 137 shares during the period. TD Private Client Wealth LLC’s holdings in NXP Semiconductors were worth $585,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NXPI. Coldstream Capital Management Inc. lifted its position in NXP Semiconductors by 34.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,915 shares of the semiconductor provider’s stock valued at $939,000 after acquiring an additional 1,005 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of NXP Semiconductors by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after purchasing an additional 57,762 shares during the period. Savoie Capital LLC lifted its holdings in shares of NXP Semiconductors by 17.3% in the third quarter. Savoie Capital LLC now owns 17,002 shares of the semiconductor provider’s stock valued at $4,081,000 after purchasing an additional 2,502 shares in the last quarter. Brophy Wealth Management LLC bought a new stake in shares of NXP Semiconductors in the third quarter valued at about $555,000. Finally, M&T Bank Corp boosted its position in shares of NXP Semiconductors by 5.9% during the third quarter. M&T Bank Corp now owns 8,150 shares of the semiconductor provider’s stock worth $1,956,000 after buying an additional 452 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insiders Place Their Bets

In related 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 value of $813,225.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the topic of a number of recent research reports. Truist Financial cut their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. UBS Group cut their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Needham & Company LLC decreased their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley cut their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, Loop Capital began coverage on NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $274.14.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $216.84 on Friday. The stock has a market cap of $55.11 billion, a PE ratio of 20.69, a P/E/G 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. The firm has a 50-day moving average of $230.25 and a 200-day moving average of $246.83. NXP Semiconductors has a 52-week low of $201.58 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $3.25 billion. During the same period last year, the business posted $3.31 earnings per share. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company 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 $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s dividend 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.