Sequoia Financial Advisors LLC Purchases 5,662 Shares of NXP Semiconductors N.V. $NXPI

Sequoia Financial Advisors LLC boosted its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 4.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 124,096 shares of the semiconductor provider’s stock after purchasing an additional 5,662 shares during the period. Sequoia Financial Advisors LLC’s holdings in NXP Semiconductors were worth $28,260,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NXPI. Brown Lisle Cummings Inc. boosted its stake in shares of NXP Semiconductors by 121.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 84 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in NXP Semiconductors in the second quarter worth $35,000. North Capital Inc. boosted its position in NXP Semiconductors by 119.8% during the third quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock valued at $43,000 after buying an additional 103 shares during the period. True Wealth Design LLC boosted its position in NXP Semiconductors by 375.6% during the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock valued at $43,000 after buying an additional 154 shares during the period. Finally, Legacy Investment Solutions LLC bought a new position in shares of NXP Semiconductors during the second quarter valued at about $43,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NXPI. Cantor Fitzgerald reissued an “overweight” rating and issued a $280.00 target price on shares of NXP Semiconductors in a research note on Tuesday, October 28th. JPMorgan Chase & Co. boosted their price objective on NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Truist Financial increased their price objective on NXP Semiconductors from $254.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein set a $220.00 price target on shares of NXP Semiconductors and gave the company a “market perform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.15.

Insider Activity

In related news, EVP Jennifer Wuamett sold 12,425 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $220.94, for a total value of $2,745,179.50. Following the completion of the transaction, the executive vice president directly owned 11,811 shares in the company, valued at $2,609,522.34. This trade represents a 51.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Julie Southern acquired 225 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average cost of $225.48 per share, for a total transaction of $50,733.00. Following the purchase, the insider directly owned 11,937 shares of the company’s stock, valued at $2,691,554.76. This represents a 1.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have sold 23,097 shares of company stock worth $5,003,058. Corporate insiders own 0.12% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $237.11 on Friday. The firm’s fifty day simple moving average is $218.07 and its 200 day simple moving average is $220.98. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $255.45. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09. The stock has a market cap of $59.67 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the firm earned $3.45 EPS. NXP Semiconductors’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, research analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $4.06 annualized dividend and a yield of 1.7%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 50.25%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.