Larson Financial Group LLC Buys 618 Shares of NXP Semiconductors (NASDAQ:NXPI)

Larson Financial Group LLC grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 213.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 907 shares of the semiconductor provider’s stock after acquiring an additional 618 shares during the quarter. Larson Financial Group LLC’s holdings in NXP Semiconductors were worth $218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. Family Firm Inc. bought a new position in NXP Semiconductors during the second quarter worth about $27,000. Addison Advisors LLC boosted its holdings in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 74 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 52 shares during the last quarter. Beacon Capital Management LLC boosted 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 worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in NXP Semiconductors by 615.0% during the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after buying an additional 123 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on NXPI. Truist Financial dropped their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a research report on Monday, November 4th. Needham & Company LLC dropped their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Susquehanna dropped their price target 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. Finally, TD Cowen dropped their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. 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 stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $274.14.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction 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 directly owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $226.53 on Thursday. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 12 month low of $198.36 and a 12 month high of $296.08. The stock has a 50 day moving average of $233.43 and a 200-day moving average of $250.81. The company has a market capitalization of $57.57 billion, a P/E ratio of 21.62, a P/E/G ratio of 4.70 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 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 company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the company posted $3.31 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities research analysts predict that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Announces Dividend

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

NXP Semiconductors Company 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.