Vest Financial LLC Increases Position in NXP Semiconductors (NASDAQ:NXPI)

Vest Financial LLC increased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 10.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,590 shares of the semiconductor provider’s stock after acquiring an additional 145 shares during the quarter. Vest Financial LLC’s holdings in NXP Semiconductors were worth $428,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new position in NXP Semiconductors during the 1st quarter valued at $25,000. FinTrust Capital Advisors LLC raised its stake 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 purchasing an additional 49 shares in the last quarter. Family Firm Inc. bought a new position in shares of NXP Semiconductors during the second quarter worth about $27,000. Addison Advisors LLC grew its stake in NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares in the last quarter. Finally, LifeSteps Financial Inc. bought a new stake in NXP Semiconductors in the first quarter valued at about $30,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of NXP Semiconductors stock in a transaction dated Tuesday, July 30th. The stock was bought at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Oppenheimer increased their target price on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. TD Cowen decreased their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Morgan Stanley dropped their target price on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Finally, StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $229.93 on Friday. The stock has a market cap of $58.57 billion, a P/E ratio of 21.23, a P/E/G ratio of 2.50 and a beta of 1.49. The firm’s 50-day simple moving average is $252.50 and its 200 day simple moving average is $254.90. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two 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.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 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 net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.04 EPS. Equities analysts expect that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

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.