Kanawha Capital Management LLC Invests $253,000 in NXP Semiconductors (NASDAQ:NXPI)

Kanawha Capital Management LLC bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 940 shares of the semiconductor provider’s stock, valued at approximately $253,000.

Other large investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in NXP Semiconductors during the 1st quarter worth approximately $25,000. FinTrust Capital Advisors LLC boosted 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 valued at $26,000 after acquiring an additional 49 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of NXP Semiconductors in the 2nd quarter valued at $27,000. LifeSteps Financial Inc. purchased a new stake in shares of NXP Semiconductors in the 1st quarter valued at $30,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They issued a “buy” rating and a $325.00 target price for the company. UBS Group upped their price objective on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Citigroup upped their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. Truist Financial reduced their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One investment 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $294.89.

NXP Semiconductors Stock Up 3.0 %

Shares of NASDAQ:NXPI traded up $7.27 during trading on Friday, hitting $252.63. 2,568,464 shares of the company were exchanged, compared to its average volume of 2,258,233. The stock has a market capitalization of $64.59 billion, a P/E ratio of 23.33, a PEG ratio of 2.63 and a beta of 1.49. 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 12-month low of $167.21 and a 12-month high of $296.08. The firm’s 50 day moving average price is $261.58 and its 200-day moving average price is $254.46.

NXP Semiconductors (NASDAQ:NXPI) last announced 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. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.04 EPS. On average, research analysts predict that NXP Semiconductors will post 12 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.61%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Insider Transactions at NXP Semiconductors

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

About NXP Semiconductors

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.