Valeo Financial Advisors LLC Has $1.40 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Valeo Financial Advisors LLC grew its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,841 shares of the semiconductor provider’s stock after purchasing an additional 240 shares during the period. Valeo Financial Advisors LLC’s holdings in NXP Semiconductors were worth $1,402,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Drive Wealth Management LLC raised its stake in shares of NXP Semiconductors by 4.3% during the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after acquiring an additional 39 shares during the last quarter. Beacon Capital Management LLC raised its stake in shares of NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Patten Group Inc. raised its stake in shares of NXP Semiconductors by 1.2% during the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after acquiring an additional 42 shares during the last quarter. West Paces Advisors Inc. raised its stake in shares of NXP Semiconductors by 3.1% during the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock valued at $404,000 after acquiring an additional 45 shares during the last quarter. Finally, Octavia Wealth Advisors LLC raised its stake in shares of NXP Semiconductors by 5.4% during the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 0.8 %

NXPI opened at $238.10 on Friday. The company has a market cap of $60.88 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 2.58 and a beta of 1.49. The company has a fifty day moving average price of $239.84 and a two-hundred day moving average price of $253.32. NXP Semiconductors has a 1-year low of $167.21 and a 1-year 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 (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The firm had revenue of $3.13 billion during 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 business’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the company earned $3.04 earnings per share. Analysts predict that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders 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 dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

Analysts Set New Price Targets

NXPI has been the subject of several analyst reports. UBS Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price target for the company from $275.00 to $285.00 in a research note on Monday, October 7th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Needham & Company LLC lifted their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Citigroup lifted their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. Finally, TD Cowen lowered their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $291.40.

Insider Activity

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Julie Southern purchased 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the business’s 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 transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $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. Corporate insiders own 0.11% of the company’s stock.

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.