Forum Financial Management LP Increases Stake in NXP Semiconductors N.V. $NXPI

Forum Financial Management LP raised its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 14.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,129 shares of the semiconductor provider’s stock after acquiring an additional 395 shares during the period. Forum Financial Management LP’s holdings in NXP Semiconductors were worth $684,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NXPI. Wellington Management Group LLP grew its holdings in shares of NXP Semiconductors by 11.7% in the first quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock valued at $2,419,662,000 after purchasing an additional 1,330,474 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of NXP Semiconductors by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider’s stock valued at $1,545,958,000 after purchasing an additional 87,820 shares in the last quarter. Invesco Ltd. grew its holdings in shares of NXP Semiconductors by 8.2% in the first quarter. Invesco Ltd. now owns 4,693,126 shares of the semiconductor provider’s stock valued at $891,975,000 after purchasing an additional 353,782 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of NXP Semiconductors by 10.6% in the first quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider’s stock valued at $858,902,000 after purchasing an additional 432,838 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of NXP Semiconductors by 20.0% in the first quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider’s stock valued at $647,387,000 after purchasing an additional 567,831 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Down 0.7%

NASDAQ:NXPI opened at $219.16 on Friday. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $256.62. The company has a market cap of $55.25 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 2.50 and a beta of 1.44. The stock has a fifty day simple moving average of $225.15 and a 200-day simple moving average of $212.54. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th were given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Wednesday, September 17th. NXP Semiconductors’s dividend payout ratio (DPR) is 48.39%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NXPI shares. KeyCorp raised their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Citigroup raised their price target on NXP Semiconductors from $210.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. The Goldman Sachs Group began coverage on NXP Semiconductors in a research report on Thursday, July 10th. They issued a “buy” rating and a $276.00 price target for the company. Wells Fargo & Company raised their price target on NXP Semiconductors from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Truist Financial raised their price target on NXP Semiconductors from $230.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $257.06.

Insider Transactions at NXP Semiconductors

In other news, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction on Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the sale, the chief financial officer directly owned 1,520 shares in the company, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, September 15th. The stock was sold at an average price of $216.21, for a total value of $216,210.00. Following the sale, the executive vice president owned 6,828 shares of the company’s stock, valued at approximately $1,476,281.88. This trade represents a 12.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,785 shares of company stock worth $2,197,852. 0.12% of the stock is currently owned by insiders.

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.