NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Freedom Investment Management Inc.

Freedom Investment Management Inc. lifted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 0.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,872 shares of the semiconductor provider’s stock after purchasing an additional 67 shares during the quarter. Freedom Investment Management Inc.’s holdings in NXP Semiconductors were worth $1,889,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after purchasing an additional 1,222,736 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in NXP Semiconductors by 5.1% during the second quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock valued at $653,567,000 after buying an additional 118,366 shares in the last quarter. Legal & General Group Plc raised its position in NXP Semiconductors by 1.6% in the second quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock worth $611,336,000 after acquiring an additional 35,104 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of NXP Semiconductors by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock valued at $412,628,000 after purchasing an additional 80,087 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of NXP Semiconductors by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,086,245 shares of the semiconductor provider’s stock worth $292,246,000 after purchasing an additional 127,607 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Citic Securities initiated coverage on NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price target on the stock. Evercore ISI decreased their target price 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. Susquehanna reduced their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus lowered their target price on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $274.14.

NXP Semiconductors Stock Down 0.9 %

NXPI opened at $226.53 on Thursday. 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. 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’s fifty day moving average price is $233.43 and its two-hundred day moving average price is $250.81. NXP Semiconductors has a fifty-two week low of $198.36 and a fifty-two week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly 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. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.31 earnings per share. On average, analysts anticipate that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Dividend Announcement

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

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.