Cullen Investment Group LTD. Buys 382 Shares of NXP Semiconductors (NASDAQ:NXPI)

Cullen Investment Group LTD. increased its stake in NXP Semiconductors (NASDAQ:NXPI) by 4.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,494 shares of the semiconductor provider’s stock after buying an additional 382 shares during the period. Cullen Investment Group LTD.’s holdings in NXP Semiconductors were worth $2,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new stake in shares of NXP Semiconductors during the 1st quarter valued at about $25,000. Family Firm Inc. bought a new stake in NXP Semiconductors during the second quarter valued at approximately $27,000. Addison Advisors LLC increased its holdings 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 buying an additional 74 shares during the last quarter. LifeSteps Financial Inc. bought a new position in NXP Semiconductors in the first quarter worth approximately $30,000. Finally, Valley National Advisers Inc. raised its position in NXP Semiconductors by 71.2% in the second 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 period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 0.4 %

NXPI stock traded up $1.00 during midday trading on Friday, reaching $234.24. 1,599,654 shares of the company traded hands, compared to its average volume of 2,288,781. The firm has a market capitalization of $59.89 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 2.51 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. The business has a 50 day moving average of $241.25 and a 200-day moving average of $253.40. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.04 EPS. As a group, sell-side analysts expect that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of recent research reports. Truist Financial decreased their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Barclays lifted their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Stifel Nicolaus increased their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC upped their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $294.89.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern bought 146 shares of NXP Semiconductors stock in a transaction on Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the purchase, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Julie Southern bought 146 shares of the company’s stock in a transaction 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 purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the firm’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 transaction of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

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.