Advisory Alpha LLC Buys 401 Shares of NXP Semiconductors (NASDAQ:NXPI)

Advisory Alpha LLC lifted its stake in NXP Semiconductors (NASDAQ:NXPI) by 19.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,418 shares of the semiconductor provider’s stock after acquiring an additional 401 shares during the quarter. Advisory Alpha LLC’s holdings in NXP Semiconductors were worth $651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. J. W. Coons Advisors LLC increased its position in shares of NXP Semiconductors by 37.8% during the 4th quarter. J. W. Coons Advisors LLC now owns 1,867 shares of the semiconductor provider’s stock valued at $429,000 after purchasing an additional 512 shares during the last quarter. Bank of Nova Scotia raised its position in NXP Semiconductors by 24.9% in the fourth quarter. Bank of Nova Scotia now owns 45,920 shares of the semiconductor provider’s stock worth $10,547,000 after acquiring an additional 9,149 shares during the period. Eagle Asset Management Inc. purchased a new position in shares of NXP Semiconductors during the 4th quarter worth $310,000. Jones Financial Companies Lllp grew its position in shares of NXP Semiconductors by 11.7% during the 4th quarter. Jones Financial Companies Lllp now owns 784 shares of the semiconductor provider’s stock valued at $180,000 after acquiring an additional 82 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of NXP Semiconductors by 0.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 246,084 shares of the semiconductor provider’s stock worth $56,521,000 after purchasing an additional 1,799 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NXPI. TD Cowen cut their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Citigroup boosted their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. Truist Financial decreased their target price on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus lifted their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $294.89.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $232.22 on Wednesday. The stock has a market capitalization 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 business has a 50 day simple moving average of $242.30 and a two-hundred day simple moving average of $253.69. 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 has a 1-year low of $167.21 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.38. The business had revenue of $3.13 billion during 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 firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.04 EPS. On average, research analysts predict that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors 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 transaction, 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 available through the SEC website. In related news, insider Julie Southern bought 146 shares of the company’s stock in a transaction dated 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 acquisition, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors 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 transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The disclosure for this sale can be found here. 0.11% of the stock is currently 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.