1,358 Shares in NXP Semiconductors (NASDAQ:NXPI) Purchased by New Century Financial Group LLC

New Century Financial Group LLC acquired a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,358 shares of the semiconductor provider’s stock, valued at approximately $365,000.

Several other institutional investors have also modified their holdings of the stock. Future Financial Wealth Managment LLC bought a new position in shares of NXP Semiconductors during the 1st quarter valued at approximately $25,000. Family Firm Inc. purchased a new position in NXP Semiconductors during the second quarter worth $27,000. Addison Advisors LLC increased its position in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 74 shares during the last quarter. LifeSteps Financial Inc. purchased a new stake in shares of NXP Semiconductors in the first quarter valued at $30,000. Finally, Valley National Advisers Inc. lifted its holdings in shares of NXP Semiconductors by 71.2% in the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 52 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $232.22 on Wednesday. The company has a market cap of $59.37 billion, a PE ratio of 21.44, a P/E/G ratio of 2.51 and a beta of 1.49. The firm’s 50 day moving average price is $242.30 and its 200-day moving average price is $253.69. 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 earnings results 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. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 EPS. Sell-side analysts forecast that NXP Semiconductors will post 11.97 EPS for the current fiscal 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 issued 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 1.75%. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

Insider Buying and Selling at NXP Semiconductors

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

Analyst Upgrades and Downgrades

NXPI has been the topic of several analyst reports. TD Cowen cut their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Oppenheimer upped their target price on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Morgan Stanley decreased their price target 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. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. Finally, Needham & Company LLC lifted their target price on NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

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.