QRG Capital Management Inc. Raises Stake in NXP Semiconductors (NASDAQ:NXPI)

QRG Capital Management Inc. boosted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 9.1% during the third quarter, Holdings Channel.com reports. The firm owned 2,635 shares of the semiconductor provider’s stock after acquiring an additional 220 shares during the quarter. QRG Capital Management Inc.’s holdings in NXP Semiconductors were worth $632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NXPI. Quantbot Technologies LP bought a new stake in NXP Semiconductors in the first quarter worth $843,000. Empowered Funds LLC grew its position in NXP Semiconductors by 80.1% during the 1st quarter. Empowered Funds LLC now owns 7,818 shares of the semiconductor provider’s stock valued at $1,937,000 after purchasing an additional 3,478 shares during the last quarter. Montag A & Associates Inc. grew its position in NXP Semiconductors by 1.7% during the 1st quarter. Montag A & Associates Inc. now owns 5,945 shares of the semiconductor provider’s stock valued at $1,479,000 after purchasing an additional 100 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in NXP Semiconductors in the first quarter worth about $237,000. Finally, Meeder Advisory Services Inc. lifted its stake in shares of NXP Semiconductors by 19.0% in the first quarter. Meeder Advisory Services Inc. now owns 3,675 shares of the semiconductor provider’s stock worth $911,000 after buying an additional 586 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Activity

In related 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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NXPI. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a research report on Monday, November 4th. Evercore ISI decreased their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday. Needham & Company LLC lowered their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley reduced their price objective on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Truist Financial lowered their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research note on Wednesday. One 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $275.60.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $233.89 on Friday. The business’s fifty day moving average is $235.72 and its 200 day moving average is $253.17. NXP Semiconductors has a fifty-two week low of $179.64 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.52 and a current ratio of 2.35. The company has a market capitalization of $59.45 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 3.08 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.31 EPS. Sell-side analysts predict that NXP Semiconductors will post 11.94 earnings per share for the current year.

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. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.73%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

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.