Allspring Global Investments Holdings LLC Acquires 74,723 Shares of NXP Semiconductors (NASDAQ:NXPI)

Allspring Global Investments Holdings LLC boosted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 45.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 239,982 shares of the semiconductor provider’s stock after buying an additional 74,723 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.09% of NXP Semiconductors worth $57,598,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NXPI. Future Financial Wealth Managment LLC bought a new stake in NXP Semiconductors during the first quarter worth about $25,000. Family Firm Inc. bought a new stake in NXP Semiconductors during the second quarter worth about $27,000. Addison Advisors LLC lifted its stake 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 purchasing an additional 74 shares during the last quarter. Valley National Advisers Inc. lifted its stake 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 purchasing an additional 52 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its stake 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 purchasing an additional 40 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NXPI. Stifel Nicolaus dropped their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Morgan Stanley dropped their price target on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. 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. Barclays lifted their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Finally, Needham & Company LLC lifted their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $288.90.

Insiders Place Their Bets

In related news, insider Julie Southern purchased 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Julie Southern purchased 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the business’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 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 approximately $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Down 1.4 %

NXPI stock opened at $230.15 on Tuesday. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The business’s 50 day moving average price is $239.36 and its two-hundred day moving average price is $252.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The company has a market capitalization of $58.85 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49.

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

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.76%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.40%.

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.