Intellectus Partners LLC Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Intellectus Partners LLC purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,470 shares of the semiconductor provider’s stock, valued at approximately $836,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after buying an additional 1,909,898 shares during the last quarter. Van ECK Associates Corp raised its position in NXP Semiconductors by 67.2% during the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after acquiring an additional 1,222,736 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of NXP Semiconductors by 24,533.2% in the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after purchasing an additional 512,253 shares in the last quarter. Ceredex Value Advisors LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $84,901,000. Finally, Bessemer Group Inc. grew its position in shares of NXP Semiconductors by 4,525.6% in the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after purchasing an additional 349,061 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 3.1 %

Shares of NXPI stock opened at $217.04 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a fifty-two week low of $198.00 and a fifty-two week high of $296.08. The firm’s 50 day moving average price is $234.34 and its two-hundred day moving average price is $252.88. The stock has a market cap of $55.16 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 4.48 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.31 earnings per share. On average, analysts anticipate that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s payout ratio is 38.74%.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of analyst reports. Oppenheimer lowered their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Citic Securities initiated coverage on NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price objective on the stock. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. TD Cowen decreased their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Evercore ISI lowered their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $276.76.

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.