Ceredex Value Advisors LLC Buys Shares of 352,553 NXP Semiconductors (NASDAQ:NXPI)

Ceredex Value Advisors LLC bought a new stake in NXP Semiconductors (NASDAQ:NXPI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 352,553 shares of the semiconductor provider’s stock, valued at approximately $84,901,000. NXP Semiconductors comprises approximately 1.7% of Ceredex Value Advisors LLC’s holdings, making the stock its 15th biggest holding. Ceredex Value Advisors LLC owned about 0.14% of NXP Semiconductors at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in shares of NXP Semiconductors during the second quarter worth about $27,000. Addison Advisors LLC lifted its position in shares of NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares in the last quarter. Valley National Advisers Inc. lifted its position in shares of NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Beacon Capital Management LLC lifted its position 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 worth $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its position in shares of NXP Semiconductors by 615.0% during the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after purchasing an additional 123 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 1.7 %

NASDAQ:NXPI opened at $238.59 on Friday. The company has a market capitalization of $60.78 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 2.65 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 52-week low of $173.31 and a 52-week high of $296.08. The stock has a fifty day simple moving average of $237.56 and a 200-day simple moving average of $252.81.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 37.94%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NXPI shares. Barclays upped their target price 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. The Goldman Sachs Group dropped their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a research note on Friday, October 18th. Morgan Stanley dropped their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, TD Cowen dropped their price target 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $288.90.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by company insiders.

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.