9258 Wealth Management LLC Grows Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

9258 Wealth Management LLC increased its stake in NXP Semiconductors (NASDAQ:NXPI) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,289 shares of the semiconductor provider’s stock after purchasing 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.

A number of other large investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its holdings in shares of NXP Semiconductors by 1.0% in 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 increased its position in shares of NXP Semiconductors by 55.7% during the 1st quarter. Zhang Financial LLC now owns 3,943 shares of the semiconductor provider’s stock valued at $977,000 after purchasing an additional 1,411 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of NXP Semiconductors by 893.2% in 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 boosted its holdings in shares of NXP Semiconductors by 20.0% in the fourth quarter. TD Asset Management Inc now owns 202,278 shares of the semiconductor provider’s stock worth $46,459,000 after buying an additional 33,672 shares during the last quarter. Finally, Norden Group LLC bought a new stake in NXP Semiconductors during the first quarter valued at approximately $1,775,000. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

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. In other news, insider Julie Southern bought 146 shares of the 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 of the company’s stock, valued at $2,909,429.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 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. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI traded down $1.13 during midday trading on Thursday, reaching $237.73. 572,165 shares of the stock traded hands, compared to its average volume of 2,246,307. The company’s 50 day moving average is $258.20 and its 200 day moving average is $255.39. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The stock has a market capitalization of $60.78 billion, a PE ratio of 22.06, a P/E/G ratio of 2.77 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 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 analyst estimates of $3.13 billion. During the same quarter last year, the business earned $3.04 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid 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 yield of 1.71%. NXP Semiconductors’s payout ratio is currently 37.40%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price target on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. Stifel Nicolaus boosted their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC upped their price target on NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company lifted their price objective on NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Finally, Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $265.00 to $325.00 in a report on Friday, May 24th. 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. According to data from MarketBeat.com, NXP Semiconductors currently has an average 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.