AE Wealth Management LLC Buys 682 Shares of NXP Semiconductors (NASDAQ:NXPI)

AE Wealth Management LLC lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 9.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,144 shares of the semiconductor provider’s stock after acquiring an additional 682 shares during the quarter. AE Wealth Management LLC’s holdings in NXP Semiconductors were worth $2,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of NXP Semiconductors by 893.2% in 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 purchasing an additional 2,097,727 shares during the period. Vanguard Group Inc. boosted its position in NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in NXP Semiconductors during the 4th quarter worth about $164,044,000. Kodai Capital Management LP bought a new position in shares of NXP Semiconductors in the 4th quarter worth about $125,319,000. Finally, Bessemer Group Inc. lifted its stake in shares of NXP Semiconductors by 4,525.6% in the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after purchasing an additional 349,061 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Down 0.0 %

NXPI opened at $231.86 on Tuesday. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The firm has a market capitalization of $59.28 billion, a P/E ratio of 21.41, a PEG ratio of 2.50 and a beta of 1.49. The company’s 50-day moving average is $246.99 and its 200 day moving average is $254.17. 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 released 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 company had revenue of $3.13 billion during 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%. NXP Semiconductors’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.04 earnings per share. Research analysts expect that NXP Semiconductors will post 11.97 earnings per share 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 issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.40%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, 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 filing with the SEC, which can be accessed through this hyperlink. In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was purchased 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 of the company’s stock, valued at $2,909,429.38. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were 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 directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Morgan Stanley lowered their price objective on shares of 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. Needham & Company LLC increased their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Barclays lifted their price target on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Finally, Oppenheimer increased their price objective on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.