Nisa Investment Advisors LLC Acquires 46,049 Shares of NXP Semiconductors (NASDAQ:NXPI)

Nisa Investment Advisors LLC increased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 444.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,410 shares of the semiconductor provider’s stock after buying an additional 46,049 shares during the period. Nisa Investment Advisors LLC’s holdings in NXP Semiconductors were worth $13,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NXPI. Family Firm Inc. bought a new position in shares of NXP Semiconductors in the 2nd quarter worth $27,000. Addison Advisors LLC raised its holdings in NXP Semiconductors by 224.2% in 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 in the last quarter. Valley National Advisers Inc. lifted its position in shares of NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 52 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in shares of NXP Semiconductors by 615.0% in the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after buying an additional 123 shares in the last quarter. Finally, Beacon Capital Management LLC grew its position in shares of NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Up 2.4 %

NXP Semiconductors stock opened at $255.58 on Wednesday. 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 business’s 50-day simple moving average is $238.23 and its two-hundred day simple moving average is $252.93. The company has a market cap of $65.10 billion, a PE ratio of 23.89, a PEG ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.59%. NXP Semiconductors’s payout ratio is 37.94%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NXPI shares. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Citigroup increased their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a report on Monday, July 15th. UBS Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $275.00 to $285.00 in a research note on Monday, October 7th. Morgan Stanley reduced their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group reduced their target price on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $288.90.

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.