Carret Asset Management LLC Increases Holdings in NXP Semiconductors (NASDAQ:NXPI)

Carret Asset Management LLC grew its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,420 shares of the semiconductor provider’s stock after buying an additional 140 shares during the quarter. Carret Asset Management LLC’s holdings in NXP Semiconductors were worth $581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC boosted its holdings in shares of NXP Semiconductors by 65.5% in the third quarter. Frank Rimerman Advisors LLC now owns 6,628 shares of the semiconductor provider’s stock worth $1,591,000 after buying an additional 2,622 shares during the last quarter. Smith Salley Wealth Management boosted its stake in shares of NXP Semiconductors by 2.8% during the 3rd quarter. Smith Salley Wealth Management now owns 96,768 shares of the semiconductor provider’s stock worth $23,225,000 after acquiring an additional 2,661 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of NXP Semiconductors during the 3rd quarter valued at $58,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of NXP Semiconductors by 7.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 34,385 shares of the semiconductor provider’s stock worth $8,253,000 after purchasing an additional 2,435 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new position in NXP Semiconductors in the 3rd quarter worth $203,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 1.7 %

NXPI opened at $243.16 on Monday. The firm has a market cap of $62.17 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.50 and a beta of 1.49. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average of $238.37 and a 200 day moving average of $252.74. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

Analyst Ratings Changes

A number of brokerages have commented on NXPI. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. UBS Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $275.00 to $285.00 in a report on Monday, October 7th. Stifel Nicolaus lowered their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Oppenheimer upped their price target on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Finally, Truist Financial decreased their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.90.

Insider Transactions at NXP Semiconductors

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 shares were 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 owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the purchase, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. 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.