NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC boosted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,227 shares of the semiconductor provider’s stock after buying an additional 1,677 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $9,825,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in NXP Semiconductors in the 1st quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in shares of NXP Semiconductors during the 2nd quarter valued at $27,000. Addison Advisors LLC raised its holdings in NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 74 shares during the period. Valley National Advisers Inc. raised its holdings in NXP Semiconductors by 71.2% in the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 52 shares during the period. Finally, Rise Advisors LLC bought a new position in NXP Semiconductors in the 1st quarter worth $35,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity

In related news, insider Julie Southern purchased 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Julie Southern purchased 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of the 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 sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on NXPI shares. Barclays lifted their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Needham & Company LLC upped their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Morgan Stanley cut their price objective on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, TD Cowen cut their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $291.40.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $232.85 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $59.54 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 2.58 and a beta of 1.49. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08. The firm’s 50-day moving average price is $239.92 and its two-hundred day moving average price is $253.24.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.38. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.04 earnings per share. On average, equities analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.74%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.40%.

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.