Strategic Financial Concepts LLC Buys Shares of 26,739 NXP Semiconductors (NASDAQ:NXPI)

Strategic Financial Concepts LLC bought a new stake in NXP Semiconductors (NASDAQ:NXPI) during the second quarter, Holdings Channel.com reports. The fund bought 26,739 shares of the semiconductor provider’s stock, valued at approximately $72,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. Aveo Capital Partners LLC grew its holdings in NXP Semiconductors by 43.7% in the 4th quarter. Aveo Capital Partners LLC now owns 1,500 shares of the semiconductor provider’s stock valued at $345,000 after buying an additional 456 shares during the last quarter. 9258 Wealth Management LLC grew its holdings in NXP Semiconductors by 21.2% in the 4th quarter. 9258 Wealth Management LLC now owns 5,041 shares of the semiconductor provider’s stock valued at $1,158,000 after buying an additional 881 shares during the last quarter. AGF Management Ltd. acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $522,000. NBC Securities Inc. grew its holdings in shares of NXP Semiconductors by 112.6% during the 4th quarter. NBC Securities Inc. now owns 1,297 shares of the semiconductor provider’s stock worth $297,000 after purchasing an additional 687 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $294,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup lifted their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a report on Monday, July 15th. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price objective on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Wells Fargo & Company lifted their price objective on NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Oppenheimer lifted their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Finally, Needham & Company LLC boosted their price target on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $294.89.

Insider Transactions at NXP Semiconductors

In other news, insider Julie Southern bought 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was bought 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Trading Down 2.3 %

Shares of NXPI opened at $225.19 on Wednesday. The stock has a fifty day moving average price of $255.15 and a two-hundred day moving average price of $255.37. 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. The company has a market cap of $57.36 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 2.45 and a beta of 1.49.

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

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a dividend of $1.014 per share. The ex-dividend date is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.80%. NXP Semiconductors’s payout ratio is currently 37.49%.

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.