NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 29.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,068 shares of the semiconductor provider’s stock after acquiring an additional 1,138 shares during the period. Apollon Wealth Management LLC’s holdings in NXP Semiconductors were worth $1,216,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new position in NXP Semiconductors during the second quarter worth $27,000. Addison Advisors LLC lifted its stake in 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 stake in 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. Fortitude Family Office LLC lifted its stake in 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. Finally, Beacon Capital Management LLC lifted its stake in 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. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the 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 completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on NXPI shares. Needham & Company LLC decreased their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. UBS Group cut their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Truist Financial cut their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. Finally, Citic Securities started coverage on NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.76.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $223.96 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a 1 year low of $196.43 and a 1 year high of $296.08. The company has a market capitalization of $56.92 billion, a PE ratio of 21.27, a P/E/G ratio of 4.27 and a beta of 1.49. The company has a fifty day moving average of $234.59 and a two-hundred day moving average of $253.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the firm posted $3.31 earnings per share. NXP Semiconductors’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, analysts expect that NXP Semiconductors will post 11.43 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.81%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

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.