Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Acquires New Holdings in NXP Semiconductors N.V. $NXPI

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 966,564 shares of the semiconductor provider’s stock, valued at approximately $229,588,000. NXP Semiconductors makes up approximately 2.2% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s portfolio, making the stock its 12th biggest position.

Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new position in shares of NXP Semiconductors during the third quarter worth $26,000. Allied Private Wealth LLC purchased a new position in shares of NXP Semiconductors in the second quarter valued at $28,000. Fiduciary Financial Advisors acquired a new stake in NXP Semiconductors during the 2nd quarter valued at $28,000. Bell Investment Advisors Inc acquired a new stake in NXP Semiconductors during the 2nd quarter valued at $29,000. Finally, Midwest Professional Planners LTD. acquired a new stake in NXP Semiconductors during the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $234.92 on Monday. The firm has a market cap of $59.24 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.80. The firm’s 50-day simple moving average is $230.20 and its 200-day simple moving average is $257.88. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the business posted $2.72 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities analysts forecast that NXP Semiconductors N.V. will post 13.75 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were given a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is currently 34.64%.

Insider Activity at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the transaction, the executive vice president directly owned 288 shares in the company, valued at $69,120. The trade was a 92.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the sale, the executive vice president directly owned 7,942 shares in the company, valued at $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NXPI. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday, September 8th. TD Cowen decreased their price objective on shares of NXP Semiconductors from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, October 19th. Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $282.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, October 5th. Citigroup restated a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Finally, Wells Fargo & Company dropped their target price on NXP Semiconductors from $280.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 20th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $302.30.

View Our Latest Stock Report on NXPI

About NXP Semiconductors

(Free Report)

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.

Further Reading

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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