Wright Investors Service Inc. Invests $934,000 in NXP Semiconductors (NASDAQ:NXPI)

Wright Investors Service Inc. purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 3,891 shares of the semiconductor provider’s stock, valued at approximately $934,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. J. W. Coons Advisors LLC raised its position in NXP Semiconductors by 37.8% in the fourth quarter. J. W. Coons Advisors LLC now owns 1,867 shares of the semiconductor provider’s stock valued at $429,000 after purchasing an additional 512 shares during the period. CIBC Private Wealth Group LLC boosted its position in NXP Semiconductors by 3.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,644 shares of the semiconductor provider’s stock valued at $1,296,000 after purchasing an additional 177 shares during the period. Crossmark Global Holdings Inc. increased its position in NXP Semiconductors by 0.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 10,856 shares of the semiconductor provider’s stock worth $2,494,000 after buying an additional 50 shares during the period. Oppenheimer & Co. Inc. lifted its position in NXP Semiconductors by 316.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 19,783 shares of the semiconductor provider’s stock valued at $4,544,000 after purchasing an additional 15,029 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its position in NXP Semiconductors by 96.7% in the 4th quarter. 1832 Asset Management L.P. now owns 5,312 shares of the semiconductor provider’s stock valued at $1,220,000 after acquiring an additional 2,612 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NXPI shares. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 23rd. TD Cowen lowered their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Truist Financial cut their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Citigroup lifted their target price on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a report on Monday, July 15th. Finally, StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded up $1.00 during trading hours on Friday, reaching $234.24. 1,599,654 shares of the company’s stock were exchanged, compared to its average volume of 2,288,781. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The business has a fifty day moving average price of $241.25 and a 200-day moving average price of $253.52. The stock has a market capitalization of $59.89 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.51 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

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

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a dividend of $1.014 per share. The ex-dividend date is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.73%. NXP Semiconductors’s payout ratio is presently 37.40%.

Insider Buying and Selling

In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Julie Southern acquired 146 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at 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 sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate 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.