Truvestments Capital LLC Has $2.91 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Truvestments Capital LLC lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 2.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,139 shares of the semiconductor provider’s stock after selling 279 shares during the period. Truvestments Capital LLC’s holdings in NXP Semiconductors were worth $2,913,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. Drive Wealth Management LLC increased its stake in shares of NXP Semiconductors by 4.3% during the 2nd 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 raised its holdings in NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after buying an additional 40 shares in the last quarter. Patten Group Inc. lifted its position in shares of NXP Semiconductors by 1.2% in the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after buying an additional 42 shares during the last quarter. West Paces Advisors Inc. boosted its stake in shares of NXP Semiconductors by 3.1% during the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after acquiring an additional 45 shares in the last quarter. Finally, Octavia Wealth Advisors LLC increased its holdings in shares of NXP Semiconductors by 5.4% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NXPI. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Truist Financial reduced their price objective on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group lowered their target price on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Susquehanna cut their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Finally, Barclays lowered their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $274.14.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $226.38 on Monday. 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 company has a 50-day moving average of $233.53 and a 200-day moving average of $251.40. NXP Semiconductors has a 52 week low of $198.00 and a 52 week high of $296.08. The company has a market capitalization of $57.54 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 4.55 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.25 billion. During the same quarter last year, the company earned $3.31 earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities research analysts anticipate that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction 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 $7,033,002.15. This trade represents a 10.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.