9258 Wealth Management LLC Buys 235 Shares of NXP Semiconductors (NASDAQ:NXPI)

9258 Wealth Management LLC increased its stake in NXP Semiconductors (NASDAQ:NXPI) by 4.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,289 shares of the semiconductor provider’s stock after acquiring an additional 235 shares during the quarter. 9258 Wealth Management LLC’s holdings in NXP Semiconductors were worth $1,423,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of NXP Semiconductors by 1.0% during the fourth quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider’s stock worth $75,827,000 after acquiring an additional 3,262 shares during the period. Zhang Financial LLC grew its stake in NXP Semiconductors by 55.7% in the first quarter. Zhang Financial LLC now owns 3,943 shares of the semiconductor provider’s stock worth $977,000 after purchasing an additional 1,411 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in NXP Semiconductors by 893.2% during 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. TD Asset Management Inc raised its position in NXP Semiconductors by 20.0% during the 4th quarter. TD Asset Management Inc now owns 202,278 shares of the semiconductor provider’s stock valued at $46,459,000 after purchasing an additional 33,672 shares in the last quarter. Finally, Norden Group LLC purchased a new stake in shares of NXP Semiconductors in the 1st quarter worth $1,775,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NXPI. Oppenheimer upped their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Jefferies Financial Group began coverage on shares of NXP Semiconductors in a research report on Monday, May 13th. They issued a “buy” rating and a $325.00 price objective on the stock. Stifel Nicolaus increased their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Barclays upped their target price on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. One 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 stock presently has an average rating of “Moderate Buy” and an average price target of $294.89.

NXP Semiconductors Price Performance

Shares of NXPI stock traded down $1.13 during mid-day trading on Thursday, hitting $237.73. 572,165 shares of the stock were exchanged, compared to its average volume of 2,246,307. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. 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 market cap of $60.78 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.77 and a beta of 1.49. The firm has a fifty day moving average of $258.20 and a 200 day moving average of $255.39.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) 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 the consensus estimate of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. NXP Semiconductors’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.04 earnings per share. Research analysts anticipate that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

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 paid 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 1.71%. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

Insider Buying and Selling

In related news, insider Julie Southern purchased 146 shares of NXP Semiconductors stock in a transaction that occurred 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 transaction, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the sale, the chief executive officer now owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Julie Southern purchased 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the purchase, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is owned by 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.