NXP Semiconductors N.V. $NXPI Shares Bought by Truist Financial Corp

Truist Financial Corp lifted its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 10.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 121,039 shares of the semiconductor provider’s stock after purchasing an additional 11,487 shares during the quarter. Truist Financial Corp’s holdings in NXP Semiconductors were worth $27,564,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Transcend Capital Advisors LLC boosted its holdings in NXP Semiconductors by 2.8% in the second quarter. Transcend Capital Advisors LLC now owns 1,824 shares of the semiconductor provider’s stock valued at $399,000 after purchasing an additional 50 shares during the last quarter. Rovin Capital UT ADV increased its holdings in shares of NXP Semiconductors by 1.5% during the 3rd quarter. Rovin Capital UT ADV now owns 3,573 shares of the semiconductor provider’s stock valued at $814,000 after purchasing an additional 52 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in NXP Semiconductors by 4.6% during the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after buying an additional 52 shares in the last quarter. Invera Wealth Advisors LLC grew its position in NXP Semiconductors by 0.9% during the third quarter. Invera Wealth Advisors LLC now owns 6,104 shares of the semiconductor provider’s stock valued at $1,390,000 after buying an additional 56 shares during the period. Finally, Avidian Wealth Enterprises LLC increased its stake in shares of NXP Semiconductors by 1.9% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 3,008 shares of the semiconductor provider’s stock valued at $685,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 2.7%

NASDAQ:NXPI opened at $233.50 on Friday. The stock has a 50-day simple moving average of $224.89 and a 200-day simple moving average of $221.23. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $255.45. The stock has a market cap of $58.76 billion, a P/E ratio of 28.90, a P/E/G ratio of 3.00 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the previous year, the firm earned $3.45 EPS. The firm’s revenue was down 2.4% on a year-over-year basis. As a group, analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $4.06 annualized dividend and a yield of 1.7%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 50.25%.

Analysts Set New Price Targets

Several equities research analysts have commented on NXPI shares. Sanford C. Bernstein set a $220.00 price objective on NXP Semiconductors and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Citigroup upped their price objective on NXP Semiconductors from $275.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Cantor Fitzgerald restated an “overweight” rating and issued a $280.00 target price on shares of NXP Semiconductors in a research report on Tuesday, October 28th. TD Cowen raised their price objective on NXP Semiconductors from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, Evercore ISI upped their target price on shares of NXP Semiconductors from $289.00 to $292.00 in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $259.29.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 2,300 shares of NXP Semiconductors stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total value of $524,791.00. Following the completion of the sale, the executive vice president owned 9,965 shares in the company, valued at $2,273,714.05. The trade was a 18.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Julie Southern bought 225 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was bought at an average price of $225.48 per share, with a total value of $50,733.00. Following the completion of the acquisition, the insider owned 11,937 shares of the company’s stock, valued at $2,691,554.76. This trade represents a 1.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have sold 23,097 shares of company stock worth $5,003,058. Corporate insiders own 0.12% of the company’s stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.