Profund Advisors LLC lifted its position in NXP Semiconductors (NASDAQ:NXPI – Free Report) by 14.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,154 shares of the semiconductor provider’s stock after purchasing an additional 3,436 shares during the quarter. Profund Advisors LLC’s holdings in NXP Semiconductors were worth $5,558,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Trust Investment Advisors lifted its position in NXP Semiconductors by 3.2% during the second quarter. Trust Investment Advisors now owns 8,124 shares of the semiconductor provider’s stock valued at $1,663,000 after purchasing an additional 253 shares during the last quarter. Nicola Wealth Management LTD. grew its position in NXP Semiconductors by 23.0% in the second quarter. Nicola Wealth Management LTD. now owns 80,300 shares of the semiconductor provider’s stock worth $16,436,000 after acquiring an additional 15,000 shares in the last quarter. Personal CFO Solutions LLC grew its position in NXP Semiconductors by 23.0% in the second quarter. Personal CFO Solutions LLC now owns 1,797 shares of the semiconductor provider’s stock worth $368,000 after acquiring an additional 336 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in NXP Semiconductors by 4.4% during the second quarter. Commonwealth Equity Services LLC now owns 48,790 shares of the semiconductor provider’s stock worth $9,986,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Johnson Investment Counsel Inc. raised its holdings in NXP Semiconductors by 56.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 3,864 shares of the semiconductor provider’s stock valued at $791,000 after buying an additional 1,392 shares during the period. 90.21% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at NXP Semiconductors
In other NXP Semiconductors news, EVP Jennifer Wuamett sold 11,394 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $199.80, for a total transaction of $2,276,521.20. Following the completion of the sale, the executive vice president now directly owns 27,569 shares of the company’s stock, valued at $5,508,286.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.
NXP Semiconductors Stock Up 0.1 %
NXP Semiconductors Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 13th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, December 12th. NXP Semiconductors’s payout ratio is 37.63%.
Analyst Upgrades and Downgrades
NXPI has been the topic of a number of analyst reports. UBS Group boosted their price objective on shares of NXP Semiconductors from $195.00 to $228.00 in a research report on Wednesday, July 26th. Morgan Stanley cut their price objective on shares of NXP Semiconductors from $215.00 to $214.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 8th. TD Cowen boosted their price objective on shares of NXP Semiconductors from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Sanford C. Bernstein boosted their price objective on shares of NXP Semiconductors from $175.00 to $210.00 in a research report on Wednesday, July 26th. Finally, Mizuho cut their price objective on shares of NXP Semiconductors from $225.00 to $210.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $223.88.
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.
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