Dumont & Blake Investment Advisors LLC Trims Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Dumont & Blake Investment Advisors LLC cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 50.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,611 shares of the semiconductor provider’s stock after selling 3,733 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in NXP Semiconductors were worth $867,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NXPI. Vanguard Group Inc. boosted its holdings in shares of NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after buying an additional 1,909,898 shares in the last quarter. International Assets Investment Management LLC increased its stake in NXP Semiconductors by 24,533.2% in the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after purchasing an additional 512,253 shares during the last quarter. Bessemer Group Inc. raised its position in shares of NXP Semiconductors by 4,525.6% in the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock worth $88,399,000 after buying an additional 349,061 shares during the period. Westfield Capital Management Co. LP lifted its position in NXP Semiconductors by 974.4% during the first quarter. Westfield Capital Management Co. LP now owns 374,539 shares of the semiconductor provider’s stock valued at $92,799,000 after buying an additional 339,678 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of NXP Semiconductors by 1,882.8% during the second quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider’s stock worth $92,438,000 after purchasing an additional 326,197 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Up 1.4 %

NASDAQ:NXPI traded up $3.43 on Friday, hitting $242.49. 52,161 shares of the stock were exchanged, compared to its average volume of 2,246,588. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The stock has a market capitalization of $61.77 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 2.50 and a beta of 1.49. The company’s 50-day moving average price is $238.88 and its 200 day moving average price is $252.76.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the business posted $3.04 earnings per share. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.67%. NXP Semiconductors’s dividend payout ratio is currently 37.94%.

Insider Buying and Selling

In related news, insider Julie Southern bought 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’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 completion of the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Julie Southern bought 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of recent analyst reports. TD Cowen cut their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Truist Financial dropped their price objective on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Barclays lifted their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Citic Securities assumed coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 target price for the company. Finally, StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. One 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, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average price target of $288.90.

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.