Maxwell Wealth Strategies Inc. Grows Holdings in NXP Semiconductors (NASDAQ:NXPI)

Maxwell Wealth Strategies Inc. grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 40.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,838 shares of the semiconductor provider’s stock after buying an additional 3,386 shares during the quarter. NXP Semiconductors accounts for 1.1% of Maxwell Wealth Strategies Inc.’s investment portfolio, making the stock its 29th biggest position. Maxwell Wealth Strategies Inc.’s holdings in NXP Semiconductors were worth $2,659,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in NXPI. Seelaus Asset Management LLC grew its position in NXP Semiconductors by 4.6% during the third quarter. Seelaus Asset Management LLC now owns 2,616 shares of the semiconductor provider’s stock valued at $625,000 after acquiring an additional 115 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of NXP Semiconductors by 35.5% in the 3rd quarter. Empowered Funds LLC now owns 12,297 shares of the semiconductor provider’s stock valued at $2,951,000 after purchasing an additional 3,222 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of NXP Semiconductors by 6.2% during the 3rd quarter. CIBC Asset Management Inc now owns 72,011 shares of the semiconductor provider’s stock valued at $17,283,000 after purchasing an additional 4,173 shares during the last quarter. Intellectus Partners LLC purchased a new position in NXP Semiconductors in the 3rd quarter worth $836,000. Finally, Lifeworks Advisors LLC lifted its stake in NXP Semiconductors by 6.6% in the third quarter. Lifeworks Advisors LLC now owns 8,050 shares of the semiconductor provider’s stock worth $1,932,000 after purchasing an additional 498 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 30,269 shares in the company, 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 SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the topic of several analyst reports. Truist Financial decreased their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. TD Cowen decreased their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Barclays dropped their price objective on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. UBS Group decreased their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Loop Capital started coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $276.76.

NXP Semiconductors Stock Down 3.1 %

NASDAQ:NXPI opened at $217.04 on Friday. NXP Semiconductors has a 1-year low of $198.00 and a 1-year high of $296.08. The company has a market capitalization of $55.16 billion, a PE ratio of 20.71, a P/E/G ratio of 4.48 and a beta of 1.49. The firm’s 50-day moving average price is $234.14 and its 200-day moving average price is $252.67. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating 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 business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the firm earned $3.31 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities analysts predict that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.87%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is 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.