Kovack Advisors Inc. Has $224,000 Stake in NXP Semiconductors (NASDAQ:NXPI)

Kovack Advisors Inc. increased its stake in NXP Semiconductors (NASDAQ:NXPI) by 10.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 935 shares of the semiconductor provider’s stock after purchasing an additional 88 shares during the quarter. Kovack Advisors Inc.’s holdings in NXP Semiconductors were worth $224,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NXPI. QRG Capital Management Inc. lifted its stake in shares of NXP Semiconductors by 34.1% in the first quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider’s stock worth $425,000 after buying an additional 436 shares during the last quarter. Bleakley Financial Group LLC lifted its position in NXP Semiconductors by 9.1% during the 1st quarter. Bleakley Financial Group LLC now owns 1,830 shares of the semiconductor provider’s stock worth $453,000 after acquiring an additional 152 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in NXP Semiconductors by 13.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 17,316 shares of the semiconductor provider’s stock valued at $4,290,000 after acquiring an additional 2,100 shares during the period. Blair William & Co. IL grew its position in shares of NXP Semiconductors by 13.8% in the first quarter. Blair William & Co. IL now owns 6,263 shares of the semiconductor provider’s stock valued at $1,552,000 after purchasing an additional 758 shares during the last quarter. Finally, Nicolet Advisory Services LLC bought a new position in shares of NXP Semiconductors in the first quarter worth about $216,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $217.04 on Friday. The stock has a market capitalization of $55.16 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 4.48 and a beta of 1.49. The business’s fifty day moving average price is $234.34 and its two-hundred day moving average price is $252.88. NXP Semiconductors has a fifty-two week low of $198.00 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

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, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the company posted $3.31 EPS. As a group, analysts predict that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 38.74%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Loop Capital started coverage on NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 target price for the company. Evercore ISI cut their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Needham & Company LLC lowered their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Truist Financial dropped their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Barclays reduced their price target on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $276.76.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’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 completion of the transaction, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.