Scientech Research LLC Makes New $2.67 Million Investment in NXP Semiconductors (NASDAQ:NXPI)

Scientech Research LLC purchased a new position in NXP Semiconductors (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 9,939 shares of the semiconductor provider’s stock, valued at approximately $2,674,000. NXP Semiconductors makes up about 0.6% of Scientech Research LLC’s portfolio, making the stock its 14th biggest holding.

Other institutional investors have also modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new position in shares of NXP Semiconductors in the first quarter worth about $25,000. Family Firm Inc. acquired a new position in shares of NXP Semiconductors in the second quarter worth about $27,000. Addison Advisors LLC increased its holdings in NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 74 shares during the last quarter. FinTrust Capital Advisors LLC increased its holdings in NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. Finally, LifeSteps Financial Inc. bought a new stake in NXP Semiconductors in the first quarter valued at about $30,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Julie Southern acquired 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the transaction, 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. 0.11% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Oppenheimer boosted their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price objective on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Barclays boosted their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Truist Financial lowered their price objective on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Morgan Stanley lowered their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $242.24 on Friday. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The firm has a market capitalization of $61.94 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 2.51 and a beta of 1.49. The business has a 50 day simple moving average of $244.27 and a 200 day simple moving average of $253.82. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52.

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, topping analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior 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. On average, equities research analysts anticipate that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a $1.014 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.67%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.40%.

NXP Semiconductors 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.