Creative Planning Trims Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Creative Planning trimmed its holdings in NXP Semiconductors (NASDAQ:NXPI) by 0.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,509 shares of the semiconductor provider’s stock after selling 89 shares during the period. Creative Planning’s holdings in NXP Semiconductors were worth $8,762,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NXPI. Ballentine Partners LLC increased its holdings in NXP Semiconductors by 8.7% during the 1st quarter. Ballentine Partners LLC now owns 985 shares of the semiconductor provider’s stock worth $244,000 after purchasing an additional 79 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of NXP Semiconductors by 14.6% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,230 shares of the semiconductor provider’s stock valued at $1,544,000 after acquiring an additional 792 shares during the period. Atlas Capital Advisors LLC increased its holdings in shares of NXP Semiconductors by 127.0% in the 1st quarter. Atlas Capital Advisors LLC now owns 252 shares of the semiconductor provider’s stock valued at $62,000 after acquiring an additional 141 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of NXP Semiconductors in the 1st quarter valued at $25,000. Finally, Visionary Horizons LLC purchased a new position in shares of NXP Semiconductors in the 1st quarter valued at $451,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NXPI. TD Cowen cut their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Needham & Company LLC raised their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group lowered their price objective on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Oppenheimer raised their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $288.90.

Insider Transactions at NXP Semiconductors

In related news, insider Julie Southern bought 146 shares of the stock in a transaction dated Tuesday, July 30th. The shares were purchased 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 directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related 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 completion of the transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Julie Southern purchased 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the acquisition, 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 disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $231.52 on Wednesday. The stock has a 50-day moving average of $239.03 and a two-hundred day moving average of $252.88. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08. 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 stock has a market cap of $59.20 billion, a P/E ratio of 21.38, a P/E/G ratio of 2.63 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data 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 return on equity of 35.65% and a net margin of 21.21%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the firm posted $3.04 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, research analysts predict that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

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 of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.75%. NXP Semiconductors’s payout ratio 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.