Dynasty Wealth Management LLC Grows Stake in NXP Semiconductors N.V. $NXPI

Dynasty Wealth Management LLC lifted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 226.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,919 shares of the semiconductor provider’s stock after purchasing an additional 4,105 shares during the period. Dynasty Wealth Management LLC’s holdings in NXP Semiconductors were worth $1,348,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Shelton Capital Management lifted its stake in NXP Semiconductors by 16.1% during the second quarter. Shelton Capital Management now owns 83,378 shares of the semiconductor provider’s stock worth $18,217,000 after purchasing an additional 11,577 shares during the last quarter. Alberta Investment Management Corp purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $3,540,000. Vantage Investment Partners LLC lifted its position in NXP Semiconductors by 5.2% in the 2nd quarter. Vantage Investment Partners LLC now owns 34,193 shares of the semiconductor provider’s stock worth $7,471,000 after buying an additional 1,675 shares during the last quarter. CCLA Investment Management boosted its stake in NXP Semiconductors by 6.5% in the second quarter. CCLA Investment Management now owns 545,580 shares of the semiconductor provider’s stock worth $119,121,000 after buying an additional 33,112 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its position in NXP Semiconductors by 13.6% during the second quarter. OMERS ADMINISTRATION Corp now owns 58,645 shares of the semiconductor provider’s stock valued at $12,813,000 after acquiring an additional 7,034 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.7%

NASDAQ NXPI opened at $230.70 on Wednesday. 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 capitalization of $58.06 billion, a PE ratio of 28.55, a PEG ratio of 2.98 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69. The business’s 50-day moving average is $219.26 and its 200 day moving average is $220.92.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data 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). The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.45 EPS. Sell-side analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th were issued a $1.014 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio is 50.25%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several research reports. Truist Financial lifted their price target on shares of NXP Semiconductors from $254.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Barclays reiterated an “overweight” rating and issued a $255.00 target price on shares of NXP Semiconductors in a research report on Thursday, January 15th. Arete upped their price target on shares of NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a research report on Monday, December 8th. Mizuho raised their price objective on NXP Semiconductors from $265.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. Finally, Wells Fargo & Company boosted their target price on NXP Semiconductors from $260.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.15.

Insiders Place Their Bets

In other news, EVP Christopher L. Jensen sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were 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 directly owned 9,965 shares of the company’s stock, valued at approximately $2,273,714.05. This trade represents a 18.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jennifer Wuamett sold 12,425 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the transaction, the executive vice president owned 11,811 shares in the company, valued at $2,609,522.34. This represents a 51.27% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 23,097 shares of company stock worth $5,003,058. 0.12% of the stock is currently owned by corporate insiders.

About NXP Semiconductors

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.