Pacer Advisors Inc. Has $7.59 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Pacer Advisors Inc. raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 31,627 shares of the semiconductor provider’s stock after purchasing an additional 969 shares during the period. Pacer Advisors Inc.’s holdings in NXP Semiconductors were worth $7,591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. Integrated Investment Consultants LLC boosted its position in shares of NXP Semiconductors by 26.8% during the third quarter. Integrated Investment Consultants LLC now owns 1,296 shares of the semiconductor provider’s stock valued at $311,000 after buying an additional 274 shares during the last quarter. Trustmark National Bank Trust Department grew its stake in shares of NXP Semiconductors by 6.8% in the 3rd quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider’s stock worth $221,000 after acquiring an additional 59 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in shares of NXP Semiconductors by 31.8% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,389 shares of the semiconductor provider’s stock worth $573,000 after acquiring an additional 576 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of NXP Semiconductors by 1.2% during the third quarter. Advisors Asset Management Inc. now owns 21,674 shares of the semiconductor provider’s stock valued at $5,202,000 after purchasing an additional 248 shares in the last quarter. Finally, Commerce Bank boosted its holdings in NXP Semiconductors by 1.2% during the third quarter. Commerce Bank now owns 7,562 shares of the semiconductor provider’s stock worth $1,815,000 after purchasing an additional 87 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 30,269 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Up 0.8 %

NXPI opened at $226.38 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The business’s fifty day simple moving average is $233.53 and its 200 day simple moving average is $251.46. NXP Semiconductors has a 52 week low of $198.00 and a 52 week high of $296.08. The stock has a market cap of $57.54 billion, a PE ratio of 21.60, a P/E/G ratio of 4.51 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results 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 analyst estimates of $3.25 billion. During the same quarter in the prior year, the firm earned $3.31 earnings per share. NXP Semiconductors’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, research analysts expect that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is presently 38.74%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. 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. Citic Securities assumed coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price objective on the stock. TD Cowen decreased their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. UBS Group cut their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a report on Friday. They set an “overweight” rating and a $250.00 price objective for the company. One 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $274.14.

About NXP Semiconductors

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.