Valley National Advisers Inc. Buys 52 Shares of NXP Semiconductors (NASDAQ:NXPI)

Valley National Advisers Inc. lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 71.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 125 shares of the semiconductor provider’s stock after acquiring an additional 52 shares during the period. Valley National Advisers Inc.’s holdings in NXP Semiconductors were worth $33,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC purchased a new stake in NXP Semiconductors in the first quarter worth approximately $25,000. FinTrust Capital Advisors LLC lifted its holdings in shares of NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after acquiring an additional 49 shares during the last quarter. LifeSteps Financial Inc. purchased a new stake in shares of NXP Semiconductors in the 1st quarter valued at $30,000. ICA Group Wealth Management LLC bought a new position in shares of NXP Semiconductors during the 4th quarter valued at $33,000. Finally, Rise Advisors LLC purchased a new position in NXP Semiconductors in the 1st quarter worth $35,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Up 0.5 %

NXPI opened at $254.44 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The stock has a market cap of $65.06 billion, a PE ratio of 23.49, a PEG ratio of 2.63 and a beta of 1.49. The business has a 50 day moving average of $263.93 and a 200-day moving average of $252.92.

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, topping analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company earned $3.04 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that NXP Semiconductors will post 12 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Thursday, June 13th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s payout ratio is currently 37.40%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price target on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. Argus lifted their price target on NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Truist Financial dropped their price objective on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. One 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.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

Insiders Place Their Bets

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

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.