Sanctuary Advisors LLC Raises Holdings in NXP Semiconductors (NASDAQ:NXPI)

Sanctuary Advisors LLC raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,992 shares of the semiconductor provider’s stock after purchasing an additional 450 shares during the quarter. Sanctuary Advisors LLC’s holdings in NXP Semiconductors were worth $6,111,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Family Firm Inc. purchased a new stake in NXP Semiconductors in the 2nd quarter valued at about $27,000. Addison Advisors LLC lifted its holdings in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 74 shares during the last quarter. FSA Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $33,000. Valley Wealth Managers Inc. acquired a new stake in NXP Semiconductors in the 2nd quarter valued at approximately $48,000. Finally, Avior Wealth Management LLC raised its position in NXP Semiconductors by 182.1% in the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NXPI. Truist Financial lowered their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Evercore ISI dropped 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. Needham & Company LLC lowered their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. TD Cowen cut their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, UBS Group decreased their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $274.14.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $216.84 on Friday. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08. The firm has a market capitalization of $55.11 billion, a P/E ratio of 20.69, a P/E/G ratio of 4.43 and a beta of 1.46. 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 company’s fifty day moving average price is $230.25 and its 200 day moving average price is $246.60.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.31 EPS. As a group, sell-side analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

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 issued a $1.014 dividend. 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 1.87%. NXP Semiconductors’s payout ratio is 38.74%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This represents a 10.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by company insiders.

About NXP Semiconductors

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.