Farmers National Bank Boosts Stake in NXP Semiconductors (NASDAQ:NXPI)

Farmers National Bank increased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.1% during the 2nd quarter, Holdings Channel reports. The firm owned 899 shares of the semiconductor provider’s stock after acquiring an additional 52 shares during the period. Farmers National Bank’s holdings in NXP Semiconductors were worth $242,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new stake in shares of NXP Semiconductors in the 1st quarter valued at approximately $25,000. Family Firm Inc. purchased a new position in NXP Semiconductors during the second quarter valued at approximately $27,000. Addison Advisors LLC increased its holdings in shares of NXP Semiconductors by 224.2% in the 2nd 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 period. LifeSteps Financial Inc. bought a new stake in shares of NXP Semiconductors in the 1st quarter valued at about $30,000. Finally, Valley National Advisers Inc. grew its holdings 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 purchasing an additional 52 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NXPI stock opened at $232.22 on Wednesday. The company has a market capitalization of $59.37 billion, a P/E ratio of 21.44, a PEG ratio of 2.51 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The company has a 50-day simple moving average of $242.30 and a 200 day simple moving average of $253.69. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two 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 (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm posted $3.04 earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. Sell-side analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.75%. NXP Semiconductors’s dividend payout ratio (DPR) is 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 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 of the company’s stock, valued at $7,033,002.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Julie Southern purchased 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of the firm’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 transaction, 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NXPI. Morgan Stanley lowered their price target on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Needham & Company LLC boosted their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Citigroup increased their target price on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a report on Monday, July 15th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus lifted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors 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.