Meeder Advisory Services Inc. Acquires 1,153 Shares of NXP Semiconductors (NASDAQ:NXPI)

Meeder Advisory Services Inc. boosted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 31.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,828 shares of the semiconductor provider’s stock after acquiring an additional 1,153 shares during the quarter. Meeder Advisory Services Inc.’s holdings in NXP Semiconductors were worth $1,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vest Financial LLC increased its stake in shares of NXP Semiconductors by 10.0% in the second quarter. Vest Financial LLC now owns 1,590 shares of the semiconductor provider’s stock valued at $428,000 after buying an additional 145 shares during the period. Y.D. More Investments Ltd acquired a new stake in NXP Semiconductors during the 2nd quarter valued at approximately $229,000. Jupiter Asset Management Ltd. bought a new position in NXP Semiconductors during the 2nd quarter worth approximately $51,358,000. Qsemble Capital Management LP acquired a new position in shares of NXP Semiconductors in the 2nd quarter worth approximately $2,356,000. Finally, LPL Financial LLC boosted its stake in shares of NXP Semiconductors by 2.3% in the 2nd quarter. LPL Financial LLC now owns 185,491 shares of the semiconductor provider’s stock valued at $49,914,000 after purchasing an additional 4,221 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Julie Southern acquired 146 shares of the stock in a transaction on Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now 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 this hyperlink. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Price Performance

NXPI opened at $229.93 on Friday. NXP Semiconductors has a 1 year low of $167.21 and a 1 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 company has a market capitalization of $58.57 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 2.50 and a beta of 1.49. The firm’s fifty day moving average price is $252.50 and its two-hundred day moving average price is $254.90.

NXP Semiconductors (NASDAQ:NXPI) last issued 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 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 the consensus estimate of $3.13 billion. During the same period in the prior year, the firm posted $3.04 EPS. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, analysts anticipate 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. Shareholders 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 1.76%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NXPI. Wells Fargo & Company lifted their target price on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Mizuho raised NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $265.00 to $325.00 in a research note on Friday, May 24th. Morgan Stanley decreased their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Truist Financial dropped their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Oppenheimer raised their price objective on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.