Daiwa Securities Group Inc. Boosts Stake in NXP Semiconductors (NASDAQ:NXPI)

Daiwa Securities Group Inc. raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 80,957 shares of the semiconductor provider’s stock after purchasing an additional 3,010 shares during the quarter. Daiwa Securities Group Inc.’s holdings in NXP Semiconductors were worth $19,431,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Drive Wealth Management LLC grew its holdings in shares of NXP Semiconductors by 4.3% in the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock worth $257,000 after purchasing an additional 39 shares during the last quarter. Beacon Capital Management LLC grew its stake in NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after acquiring an additional 40 shares in the last quarter. Patten Group Inc. increased its position in shares of NXP Semiconductors by 1.2% during the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after acquiring an additional 42 shares during the period. West Paces Advisors Inc. raised its stake in shares of NXP Semiconductors by 3.1% during the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock valued at $404,000 after acquiring an additional 45 shares in the last quarter. Finally, Octavia Wealth Advisors LLC boosted its holdings in shares of NXP Semiconductors by 5.4% in the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after purchasing an additional 45 shares during the period. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. Evercore ISI lowered their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Morgan Stanley cut their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. The Goldman Sachs Group dropped their target price on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Susquehanna dropped their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $274.14.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $226.38 on Monday. The business has a fifty day moving average of $233.53 and a 200 day moving average of $251.40. 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 current ratio of 2.35 and a quick ratio of 1.60. The firm has a market capitalization of $57.54 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 4.55 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced 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. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the business posted $3.31 earnings per share. As a group, research analysts expect that NXP Semiconductors will post 11.37 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed 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 1.79%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed 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.