Savant Capital LLC boosted its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 147.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,921 shares of the semiconductor provider’s stock after purchasing an additional 3,526 shares during the quarter. Savant Capital LLC’s holdings in NXP Semiconductors were worth $1,294,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in 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 during the period. Nuveen LLC acquired a new stake in shares of NXP Semiconductors during the first quarter worth about $219,878,000. Price T Rowe Associates Inc. MD grew its holdings in shares of NXP Semiconductors by 33.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider’s stock worth $635,310,000 after buying an additional 839,113 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of NXP Semiconductors by 20.0% during the first quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider’s stock worth $647,387,000 after buying an additional 567,831 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in NXP Semiconductors by 44.7% in the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,730,255 shares of the semiconductor provider’s stock valued at $328,852,000 after acquiring an additional 534,404 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.
NXP Semiconductors Trading Up 0.6%
Shares of NXPI stock opened at $204.08 on Thursday. The business’s fifty day moving average price is $218.60 and its 200 day moving average price is $216.05. The firm has a market capitalization of $51.36 billion, a PE ratio of 25.26, a P/E/G ratio of 2.53 and a beta of 1.48. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.20. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $255.45.
NXP Semiconductors Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Wednesday, September 17th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a yield of 2.0%. NXP Semiconductors’s payout ratio is currently 50.12%.
Wall Street Analysts Forecast Growth
NXPI has been the subject of a number of recent research reports. TD Cowen decreased their price objective on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, October 10th. KGI Securities upgraded NXP Semiconductors to a “strong-buy” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company increased their price target on NXP Semiconductors from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $280.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Finally, Evercore ISI upped their price objective on shares of NXP Semiconductors from $289.00 to $292.00 in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.47.
Get Our Latest Report on NXP Semiconductors
Insider Activity
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $216.21, for a total value of $216,210.00. Following the completion of the transaction, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jennifer Wuamett sold 8,372 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the sale, the executive vice president owned 19,175 shares of the company’s stock, valued at approximately $3,969,416.75. The trade was a 30.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.12% of the company’s stock.
NXP Semiconductors Company 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.
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