AM Squared Ltd Takes $72,000 Position in NXP Semiconductors (NASDAQ:NXPI)

AM Squared Ltd purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 300 shares of the semiconductor provider’s stock, valued at approximately $72,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Family Firm Inc. bought a new position in shares of NXP Semiconductors in the 2nd quarter valued at $27,000. Addison Advisors LLC increased its stake in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares during the last quarter. Valley National Advisers Inc. increased its stake in shares of NXP Semiconductors by 71.2% in the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. Fortitude Family Office LLC increased its stake in shares of NXP Semiconductors by 615.0% in the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after purchasing an additional 123 shares during the last quarter. Finally, Beacon Capital Management LLC increased its stake in shares of NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Activity

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

NXP Semiconductors Stock Down 3.1 %

Shares of NASDAQ:NXPI opened at $217.04 on Friday. The company has a market capitalization of $55.16 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 4.36 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The business’s 50-day moving average is $234.14 and its 200-day moving average is $252.64. NXP Semiconductors has a 1 year low of $198.00 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The company had revenue of $3.25 billion for 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 firm’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.31 EPS. Equities research analysts predict that NXP Semiconductors will post 11.37 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

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

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of research reports. Barclays reduced their price objective on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Loop Capital initiated coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price objective on the stock. Stifel Nicolaus reduced their price objective on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Truist Financial reduced their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, UBS Group reduced their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $276.76.

About NXP Semiconductors

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.