New Century Financial Group LLC Has $368,000 Holdings in NXP Semiconductors (NASDAQ:NXPI)

New Century Financial Group LLC lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 13.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,535 shares of the semiconductor provider’s stock after buying an additional 177 shares during the quarter. New Century Financial Group LLC’s holdings in NXP Semiconductors were worth $368,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Future Financial Wealth Managment LLC acquired a new stake in NXP Semiconductors during the 1st quarter worth $25,000. Family Firm Inc. acquired a new stake in shares of NXP Semiconductors during the second quarter worth $27,000. Addison Advisors LLC grew its stake in shares of 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 period. Valley National Advisers Inc. lifted its stake in NXP Semiconductors by 71.2% in 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 period. Finally, Beacon Capital Management LLC boosted its holdings 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 buying an additional 40 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $233.45 on Monday. The firm’s 50 day moving average is $239.56 and its 200-day moving average is $253.01. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $59.69 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08.

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

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm’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 transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Truist Financial cut their target price on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. UBS Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $275.00 to $285.00 in a research report on Monday, October 7th. Citic Securities began coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price objective for the company. Finally, Cantor Fitzgerald reduced their target price on NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating on the stock in a report on Tuesday, October 8th. 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 stock. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $288.90.

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.