IFG Advisory LLC Takes $272,000 Position in NXP Semiconductors (NASDAQ:NXPI)

IFG Advisory LLC purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,011 shares of the semiconductor provider’s stock, valued at approximately $272,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after acquiring an additional 1,909,898 shares during the last quarter. Norges Bank bought a new stake in NXP Semiconductors during the 4th quarter worth $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in NXP Semiconductors by 893.2% during 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 worth $535,747,000 after acquiring an additional 2,097,727 shares during the last quarter. Van ECK Associates Corp grew its position in NXP Semiconductors by 24.6% during the 1st quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock worth $407,506,000 after acquiring an additional 325,187 shares during the last quarter. Finally, Putnam Investments LLC grew its position in shares of NXP Semiconductors by 4.4% in the 4th quarter. Putnam Investments LLC now owns 1,564,236 shares of the semiconductor provider’s stock valued at $359,274,000 after buying an additional 65,741 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 3.0 %

Shares of NASDAQ:NXPI opened at $256.36 on Tuesday. The business’s 50 day simple moving average is $259.46 and its two-hundred day simple moving average is $255.48. The firm has a market cap of $65.55 billion, a P/E ratio of 23.67, a PEG ratio of 2.77 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced 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. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 earnings per share. As a group, research analysts forecast that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 37.40%.

Insider Buying and Selling at NXP Semiconductors

In other news, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now owns 177,889 shares in the company, valued at approximately $49,052,891.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the business’s stock in a transaction dated 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 purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the transaction, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. TD Cowen reduced their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Truist Financial reduced their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Oppenheimer upped their price target on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Finally, Morgan Stanley reduced their price target on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $294.89.

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.