Greenwood Capital Associates LLC Acquires 4,390 Shares of NXP Semiconductors (NASDAQ:NXPI)

by · The Cerbat Gem

Greenwood Capital Associates LLC raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI – Free Report) by 17.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,040 shares of the semiconductor provider’s stock after acquiring an additional 4,390 shares during the quarter. Greenwood Capital Associates LLC’s holdings in NXP Semiconductors were worth $5,806,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NXPI. JPMorgan Chase & Co. grew its stake in shares of NXP Semiconductors by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 26,149,320 shares of the semiconductor provider’s stock valued at $4,876,193,000 after buying an additional 135,849 shares in the last quarter. BlackRock Inc. grew its stake in shares of NXP Semiconductors by 5.6% in the second quarter. BlackRock Inc. now owns 18,357,248 shares of the semiconductor provider’s stock valued at $3,757,361,000 after buying an additional 966,022 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of NXP Semiconductors by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock valued at $1,997,635,000 after buying an additional 210,979 shares in the last quarter. State Street Corp boosted its position in NXP Semiconductors by 1.8% during the second quarter. State Street Corp now owns 10,194,157 shares of the semiconductor provider’s stock worth $2,096,655,000 after purchasing an additional 182,173 shares during the period. Finally, Providence Capital Advisors LLC boosted its position in NXP Semiconductors by 13,185.9% during the first quarter. Providence Capital Advisors LLC now owns 4,731,372 shares of the semiconductor provider’s stock worth $25,372,000 after purchasing an additional 4,695,760 shares during the period. 90.21% of the stock is owned by institutional investors.

NXP Semiconductors Trading Up 1.4 %

Shares of NASDAQ:NXPI traded up $3.11 during midday trading on Tuesday, hitting $232.06. 242,446 shares of the stock were exchanged, compared to its average volume of 2,154,095. The stock has a market capitalization of $59.82 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.09 and a beta of 1.57. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.38 and a current ratio of 1.92. The business’s 50-day moving average price is $199.96 and its 200 day moving average price is $202.58. NXP Semiconductors has a 12 month low of $150.90 and a 12 month high of $238.27.

NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last released its quarterly earnings results on Monday, November 6th. The semiconductor provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.05. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.39 billion. NXP Semiconductors had a return on equity of 40.56% and a net margin of 21.43%. Analysts predict that NXP Semiconductors will post 12.63 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 13th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Tuesday, December 12th. NXP Semiconductors’s payout ratio is 37.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup cut shares of NXP Semiconductors from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $216.00 to $150.00 in a research report on Wednesday, November 8th. Evercore ISI reduced their price objective on shares of NXP Semiconductors from $240.00 to $235.00 in a research report on Thursday, October 5th. JPMorgan Chase & Co. dropped their target price on NXP Semiconductors from $240.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Morgan Stanley dropped their target price on NXP Semiconductors from $215.00 to $214.00 and set an “equal weight” rating for the company in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $223.48.

Read Our Latest Research Report on NXPI

Insider Transactions at NXP Semiconductors

In related news, CFO William Betz sold 4,428 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $204.00, for a total value of $903,312.00. Following the completion of the sale, the chief financial officer now directly owns 1,518 shares of the company’s stock, valued at approximately $309,672. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other NXP Semiconductors news, CEO Kurt Sievers sold 8,699 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $218.16, for a total value of $1,897,773.84. Following the completion of the transaction, the chief executive officer now owns 208,428 shares in the company, valued at approximately $45,470,652.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William Betz sold 4,428 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $204.00, for a total value of $903,312.00. Following the completion of the transaction, the chief financial officer now owns 1,518 shares of the company’s stock, valued at approximately $309,672. The disclosure for this sale can be found here. Insiders have sold 20,141 shares of company stock valued at $4,294,266 over the last ninety days. 0.13% of the stock is owned by company insiders.

About NXP Semiconductors

(Free Report)

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.

Further Reading

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