Boston Family Office LLC Grows Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Boston Family Office LLC grew its position in NXP Semiconductors (NASDAQ:NXPI) by 22.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,140 shares of the semiconductor provider’s stock after acquiring an additional 210 shares during the quarter. Boston Family Office LLC’s holdings in NXP Semiconductors were worth $274,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SVB Wealth LLC increased its holdings in shares of NXP Semiconductors by 6.2% in the first quarter. SVB Wealth LLC now owns 2,670 shares of the semiconductor provider’s stock valued at $662,000 after purchasing an additional 156 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of NXP Semiconductors in the first quarter valued at approximately $888,000. Dynasty Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the first quarter valued at approximately $384,000. B. Riley Wealth Advisors Inc. increased its stake in NXP Semiconductors by 0.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 10,482 shares of the semiconductor provider’s stock worth $2,597,000 after acquiring an additional 87 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in NXP Semiconductors by 5.4% during the first quarter. California State Teachers Retirement System now owns 386,552 shares of the semiconductor provider’s stock worth $95,776,000 after acquiring an additional 19,799 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 3.3 %

NASDAQ:NXPI opened at $233.85 on Tuesday. The stock has a 50-day simple moving average of $233.61 and a 200-day simple moving average of $251.21. The stock has a market cap of $59.43 billion, a P/E ratio of 22.31, a P/E/G ratio of 4.55 and a beta of 1.49. NXP Semiconductors has a 1 year low of $198.00 and a 1 year high of $296.08. 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 (NASDAQ:NXPI) last released 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 return on equity of 33.57% and a net margin of 20.98%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the firm posted $3.31 EPS. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, analysts anticipate that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.65%.

Analysts Set New Price Targets

NXPI has been the subject of several recent analyst reports. Morgan Stanley cut their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus cut their target price on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. UBS Group cut their target price 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. Evercore ISI lowered their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $274.14.

Insider Activity

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.