Banque Cantonale Vaudoise Boosts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Banque Cantonale Vaudoise lifted its position in NXP Semiconductors (NASDAQ:NXPI) by 60.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,850 shares of the semiconductor provider’s stock after acquiring an additional 9,710 shares during the period. Banque Cantonale Vaudoise’s holdings in NXP Semiconductors were worth $6,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System lifted its stake in shares of NXP Semiconductors by 13.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,316 shares of the semiconductor provider’s stock valued at $4,290,000 after purchasing an additional 2,100 shares during the last quarter. Blair William & Co. IL increased its holdings in NXP Semiconductors by 13.8% during the 1st quarter. Blair William & Co. IL now owns 6,263 shares of the semiconductor provider’s stock worth $1,552,000 after purchasing an additional 758 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of NXP Semiconductors by 10.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,610 shares of the semiconductor provider’s stock worth $5,354,000 after acquiring an additional 2,096 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of NXP Semiconductors by 4,525.6% during the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock worth $88,399,000 after acquiring an additional 349,061 shares in the last quarter. Finally, Lake Street Advisors Group LLC acquired a new position in shares of NXP Semiconductors during the 1st quarter worth about $275,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $220.19 on Tuesday. The firm’s 50 day moving average price is $233.94 and its two-hundred day moving average price is $252.43. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The stock has a market cap of $55.96 billion, a PE ratio of 21.01, a PEG 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.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the business posted $3.31 earnings per share. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, analysts forecast that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Dividend Announcement

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

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 10.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on NXPI shares. Barclays decreased their price objective on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Truist Financial dropped their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Morgan Stanley dropped their price target on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group decreased their price objective on NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Finally, Oppenheimer reduced their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $276.76.

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.