J.W. Cole Advisors Inc. Makes New $224,000 Investment in NXP Semiconductors (NASDAQ:NXPI)

J.W. Cole Advisors Inc. purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 932 shares of the semiconductor provider’s stock, valued at approximately $224,000.

A number of other hedge funds have also made changes to their positions in NXPI. Family Firm Inc. purchased a new position in shares of NXP Semiconductors in the second quarter valued at $27,000. Addison Advisors LLC boosted 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 valued at $29,000 after acquiring an additional 74 shares during the last quarter. Valley National Advisers Inc. boosted its stake 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 acquiring an additional 52 shares during the last quarter. Beacon Capital Management LLC boosted its stake in shares of NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its stake in shares of NXP Semiconductors by 615.0% during the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after acquiring an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of analyst reports. Truist Financial decreased their price objective on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Citigroup increased their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. Mizuho set a $290.00 price objective on NXP Semiconductors in a research note on Friday, October 18th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Oppenheimer increased their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $288.90.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $238.59 on Friday. The firm has a market capitalization of $60.78 billion, a P/E ratio of 22.30, a P/E/G ratio of 2.65 and a beta of 1.49. NXP Semiconductors has a 1-year low of $173.31 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The business’s 50-day simple moving average is $237.56 and its 200-day simple moving average is $252.81.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.94%.

Insider Activity

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors 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 transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.11% of the company’s stock.

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.