SouthState Corp Grows Stock Position in NXP Semiconductors (NASDAQ:NXPI)

SouthState Corp boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 28.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,368 shares of the semiconductor provider’s stock after purchasing an additional 746 shares during the period. SouthState Corp’s holdings in NXP Semiconductors were worth $808,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GDS Wealth Management boosted its position in shares of NXP Semiconductors by 7.7% during the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after acquiring an additional 3,985 shares during the last quarter. Mather Group LLC. grew its position in NXP Semiconductors by 23.3% in the second quarter. Mather Group LLC. now owns 566 shares of the semiconductor provider’s stock worth $140,000 after acquiring an additional 107 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of NXP Semiconductors by 21.1% during the 2nd quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider’s stock valued at $41,519,000 after purchasing an additional 26,851 shares during the last quarter. Principal Financial Group Inc. increased its position in NXP Semiconductors by 1.9% during the third quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after acquiring an additional 5,722 shares during the last quarter. Finally, Fiera Capital Corp grew its holdings in NXP Semiconductors by 63.6% during the 3rd quarter. Fiera Capital Corp now owns 6,001 shares of the semiconductor provider’s stock valued at $1,440,000 after purchasing an additional 2,332 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXPI has been the topic of a number of recent analyst reports. Needham & Company LLC reduced their target price on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Susquehanna reduced their price target on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Barclays decreased their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. TD Cowen decreased their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One investment 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $276.76.

NXP Semiconductors Stock Down 0.1 %

NXPI stock opened at $219.91 on Wednesday. The stock has a market capitalization of $55.89 billion, a P/E ratio of 20.98, a P/E/G ratio of 4.36 and a beta of 1.49. NXP Semiconductors has a 52 week low of $198.00 and a 52 week high of $296.08. The firm has a 50-day simple moving average of $233.83 and a 200-day simple moving average of $252.16. 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 (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the firm posted $3.31 earnings per share. Equities analysts forecast that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.84%. NXP Semiconductors’s payout ratio is 38.74%.

Insider Buying and Selling

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 value of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by company insiders.

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.