NXP Semiconductors N.V. $NXPI Shares Purchased by Glenview Trust co

Glenview Trust co boosted its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 3,162.6% in the second quarter, HoldingsChannel reports. The firm owned 70,309 shares of the semiconductor provider’s stock after buying an additional 68,154 shares during the period. Glenview Trust co’s holdings in NXP Semiconductors were worth $15,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. raised its stake in shares of NXP Semiconductors by 121.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 84 shares during the last quarter. True Wealth Design LLC grew its holdings in NXP Semiconductors by 375.6% during the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after acquiring an additional 154 shares during the period. Legacy Investment Solutions LLC acquired a new stake in NXP Semiconductors during the second quarter worth about $43,000. Hilltop National Bank acquired a new position in NXP Semiconductors in the second quarter valued at approximately $44,000. Finally, NewSquare Capital LLC boosted its position in NXP Semiconductors by 89.3% in the 2nd quarter. NewSquare Capital LLC now owns 248 shares of the semiconductor provider’s stock worth $54,000 after purchasing an additional 117 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 1.2%

Shares of NASDAQ NXPI opened at $230.78 on Thursday. The company’s 50-day simple moving average is $210.72 and its 200-day simple moving average is $217.13. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $255.45. The firm has a market cap of $58.08 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 3.39 and a beta of 1.46. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09.

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

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio (DPR) is 50.25%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein set a $220.00 target price on shares of NXP Semiconductors and gave the company a “market perform” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of NXP Semiconductors in a research report on Wednesday, October 8th. TD Cowen decreased their price objective on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Arete increased their target price on shares of NXP Semiconductors from $273.90 to $324.40 and gave the stock a “buy” rating in a research note on Monday. Finally, Truist Financial raised their target price on NXP Semiconductors from $252.00 to $254.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $260.04.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 8,372 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $207.01, for a total value of $1,733,087.72. Following the transaction, the executive vice president owned 19,175 shares in the company, valued at approximately $3,969,416.75. This trade represents a 30.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Julie Southern bought 225 shares of the stock in a transaction 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 owned 11,937 shares in the company, valued at $2,691,554.76. The trade was a 1.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 11,672 shares of company stock valued at $2,474,089. 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.