Jacobs & Co. CA Sells 78 Shares of NXP Semiconductors (NASDAQ:NXPI)

Jacobs & Co. CA lessened its position in NXP Semiconductors (NASDAQ:NXPI) by 0.3% during the third quarter, Holdings Channel reports. The fund owned 24,584 shares of the semiconductor provider’s stock after selling 78 shares during the period. Jacobs & Co. CA’s holdings in NXP Semiconductors were worth $5,900,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of NXP Semiconductors by 893.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after purchasing an additional 2,097,727 shares in the last quarter. Norden Group LLC bought a new stake in NXP Semiconductors in the 1st quarter worth approximately $1,775,000. Congress Asset Management Co. MA lifted its position in NXP Semiconductors by 0.8% in the 4th quarter. Congress Asset Management Co. MA now owns 509,420 shares of the semiconductor provider’s stock worth $117,004,000 after buying an additional 4,074 shares during the last quarter. Bessemer Group Inc. boosted its stake in NXP Semiconductors by 4,525.6% in the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock worth $88,399,000 after buying an additional 349,061 shares in the last quarter. Finally, M&G Plc bought a new position in NXP Semiconductors during the first quarter valued at approximately $65,830,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NXPI. Cantor Fitzgerald restated an “overweight” rating and issued a $350.00 price objective on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Citigroup boosted their price target on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. Stifel Nicolaus raised their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. TD Cowen decreased their price objective on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Morgan Stanley dropped their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

Insider Activity

In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Julie Southern acquired 146 shares of the stock in a transaction on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the purchase, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Trading Up 1.4 %

NASDAQ:NXPI opened at $235.36 on Thursday. The company has a 50-day moving average price of $241.92 and a 200-day moving average price of $253.56. The stock has a market cap of $60.18 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 2.51 and a beta of 1.49. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the firm posted $3.04 EPS. The business’s revenue was down 5.2% on a year-over-year basis. Equities analysts predict that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.72%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

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.