UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $550.67 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in NXP Semiconductors (NASDAQ:NXPI) by 387.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,294,340 shares of the semiconductor provider’s stock after purchasing an additional 1,823,650 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.90% of NXP Semiconductors worth $550,665,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family Firm Inc. acquired a new stake in NXP Semiconductors during the second quarter worth approximately $27,000. Addison Advisors LLC grew its position in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 74 shares in the last quarter. Valley National Advisers Inc. grew its position in NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 52 shares in the last quarter. Fortitude Family Office LLC grew its position in NXP Semiconductors by 615.0% during the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after buying an additional 123 shares in the last quarter. Finally, Valley Wealth Managers Inc. acquired a new stake in NXP Semiconductors during the second quarter worth approximately $48,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 0.9 %

Shares of NASDAQ:NXPI opened at $226.53 on Friday. The firm has a market cap of $57.57 billion, a P/E ratio of 21.62, a P/E/G ratio of 4.57 and a beta of 1.49. 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 12-month low of $198.36 and a 12-month high of $296.08. The business has a fifty day simple moving average of $233.19 and a 200 day simple moving average of $250.64.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. NXP Semiconductors’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $3.31 EPS. Analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be issued a dividend of $1.014 per share. The ex-dividend date is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.79%. NXP Semiconductors’s payout ratio is currently 38.74%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The stock was 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 directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of analyst reports. UBS Group reduced their price target 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. The Goldman Sachs Group cut their target price on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Truist Financial cut their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Morgan Stanley cut their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, Susquehanna cut their target price on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note 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 given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $274.14.

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.