Jacobs & Co. CA Has $5.90 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Jacobs & Co. CA reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,584 shares of the semiconductor provider’s stock after selling 78 shares during the period. Jacobs & Co. CA’s holdings in NXP Semiconductors were worth $5,900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of NXP Semiconductors by 893.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. Norden Group LLC bought a new stake in NXP Semiconductors during the first quarter valued at $1,775,000. Congress Asset Management Co. MA grew its holdings in NXP Semiconductors by 0.8% during the 4th quarter. Congress Asset Management Co. MA now owns 509,420 shares of the semiconductor provider’s stock worth $117,004,000 after acquiring an additional 4,074 shares during the period. Bessemer Group Inc. raised its position in shares of NXP Semiconductors by 4,525.6% in 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, M&G Plc acquired a new position in shares of NXP Semiconductors in the 1st quarter valued at about $65,830,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NXPI. Citigroup lifted their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. Truist Financial cut their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Morgan Stanley reduced their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Oppenheimer raised their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Finally, Needham & Company LLC boosted their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $294.89.

NXP Semiconductors Trading Up 1.4 %

Shares of NXP Semiconductors stock opened at $235.36 on Thursday. The firm has a market cap of $60.18 billion, a PE ratio of 21.73, a P/E/G ratio of 2.51 and a beta of 1.49. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The stock has a fifty day moving average price of $241.92 and a 200-day moving average price of $253.56.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the business posted $3.04 EPS. NXP Semiconductors’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts anticipate that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.72%. NXP Semiconductors’s payout ratio is 37.40%.

Insider Activity

In related news, insider Julie Southern bought 146 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Julie Southern bought 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Company 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.