CoreCap Advisors LLC Acquires New Shares in NXP Semiconductors (NASDAQ:NXPI)

Posted by Defense World Staff on Jun 1st, 2023

CoreCap Advisors LLC acquired a new stake in NXP Semiconductors (NASDAQ:NXPI – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 362 shares of the semiconductor provider’s stock, valued at approximately $57,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in NXPI. BDO Wealth Advisors LLC raised its holdings in shares of NXP Semiconductors by 239.2% in the fourth quarter. BDO Wealth Advisors LLC now owns 173 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 122 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in NXP Semiconductors by 148.1% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 196 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 117 shares in the last quarter. Old North State Trust LLC bought a new position in NXP Semiconductors in the third quarter worth about $39,000. Affiance Financial LLC bought a new position in NXP Semiconductors in the fourth quarter worth about $52,000. Finally, GHP Investment Advisors Inc. bought a new position in NXP Semiconductors in the third quarter worth about $61,000. 88.70% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Down 1.6 %

Shares of NXP Semiconductors stock opened at $179.10 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.28 and a current ratio of 1.75. NXP Semiconductors has a fifty-two week low of $132.08 and a fifty-two week high of $197.71. The firm has a 50-day simple moving average of $172.04 and a two-hundred day simple moving average of $173.03. The company has a market cap of $46.48 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 0.71 and a beta of 1.51.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 14th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.93%.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of recent research reports. Cowen boosted their target price on shares of NXP Semiconductors from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, February 1st. StockNews.com assumed coverage on shares of NXP Semiconductors in a report on Thursday, May 18th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft boosted their price target on NXP Semiconductors from $185.00 to $200.00 in a research note on Wednesday, February 1st. Credit Suisse Group boosted their price target on NXP Semiconductors from $195.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 1st. Finally, Truist Financial boosted their price target on NXP Semiconductors from $210.00 to $217.00 in a research note on Wednesday, May 3rd. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $190.09.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 15,000 shares of NXP Semiconductors stock in a transaction on Friday, May 5th. The shares were sold at an average price of $166.52, for a total value of $2,497,800.00. Following the sale, the executive vice president now owns 30,569 shares of the company’s stock, valued at approximately $5,090,349.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other NXP Semiconductors news, EVP Christopher L. Jensen sold 9,696 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $185.00, for a total transaction of $1,793,760.00. Following the completion of the transaction, the executive vice president now owns 500 shares of the company’s stock, valued at $92,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 15,000 shares of NXP Semiconductors stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $166.52, for a total value of $2,497,800.00. Following the completion of the sale, the executive vice president now directly owns 30,569 shares in the company, valued at $5,090,349.88. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

NXP Semiconductors Profile

(Get Rating)

NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.