Congress Asset Management Co. Raises Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Congress Asset Management Co. raised its position in shares of NXP Semiconductors (NASDAQ:NXPIFree Report) by 0.3% during the 3rd quarter, Holdings Channel reports. The fund owned 521,992 shares of the semiconductor provider’s stock after purchasing an additional 1,715 shares during the period. Congress Asset Management Co.’s holdings in NXP Semiconductors were worth $125,283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NXPI. Family Firm Inc. bought a new position in shares of NXP Semiconductors during the 2nd quarter worth $27,000. Addison Advisors LLC boosted 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 valued at $29,000 after purchasing an additional 74 shares in the last quarter. Valley National Advisers Inc. raised its stake in NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 52 shares during the last quarter. Fortitude Family Office LLC raised its stake in NXP Semiconductors by 615.0% in the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after buying an additional 123 shares during the last quarter. Finally, Beacon Capital Management LLC raised its stake in NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 3.6 %

NXPI traded down $8.94 on Thursday, hitting $236.38. 480,261 shares of the company were exchanged, compared to its average volume of 2,250,998. The firm has a 50-day moving average price of $238.05 and a two-hundred day moving average price of $252.88. The company has a market cap of $60.21 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a twelve month low of $167.50 and a twelve month high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 37.94%.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of research analyst reports. TD Cowen decreased their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. UBS Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $275.00 to $285.00 in a research report on Monday, October 7th. Needham & Company LLC lifted their price target on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Stifel Nicolaus reduced their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Finally, Barclays raised their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $288.90.

Get Our Latest Report on NXP Semiconductors

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction 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 sale, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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