Transcend Capital Advisors LLC Invests $490,000 in NXP Semiconductors (NASDAQ:NXPI)

Transcend Capital Advisors LLC bought a new stake in NXP Semiconductors (NASDAQ:NXPI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,821 shares of the semiconductor provider’s stock, valued at approximately $490,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Beacon Capital Management LLC boosted its position in shares of NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. Lincoln National Corp boosted its position in shares of NXP Semiconductors by 1.9% during the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock valued at $568,000 after purchasing an additional 46 shares in the last quarter. Peterson Wealth Services boosted its position in shares of NXP Semiconductors by 3.1% during the 1st quarter. Peterson Wealth Services now owns 1,520 shares of the semiconductor provider’s stock valued at $377,000 after purchasing an additional 46 shares in the last quarter. RFG Advisory LLC boosted its position in shares of NXP Semiconductors by 1.6% during the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock valued at $740,000 after purchasing an additional 47 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its position in shares of NXP Semiconductors by 4.5% during the 1st quarter. CreativeOne Wealth LLC now owns 1,103 shares of the semiconductor provider’s stock valued at $274,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXPI stock traded down $5.87 during midday trading on Friday, hitting $237.75. The stock had a trading volume of 4,567,156 shares, compared to its average volume of 2,667,396. The firm has a market capitalization of $60.56 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The stock has a 50-day simple moving average of $269.97 and a 200 day simple moving average of $251.36. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. NXP Semiconductors’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the business earned $3.04 earnings per share. As a group, equities research analysts anticipate that NXP Semiconductors will post 12 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were issued a dividend of $1.014 per share. The ex-dividend date was Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.71%. NXP Semiconductors’s payout ratio is presently 37.49%.

Insider Buying and Selling at NXP Semiconductors

In related news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction dated 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 transaction, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Julie Southern bought 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 177,889 shares of the company’s stock, 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.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NXPI shares. Stifel Nicolaus upped their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Wells Fargo & Company upped their price objective on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $265.00 to $325.00 in a research note on Friday, May 24th. TD Cowen reduced their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Evercore ISI upped their price objective on shares of NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One equities 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

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.