Fulton Bank N.A. Has $495,000 Position in NXP Semiconductors (NASDAQ:NXPI)

Fulton Bank N.A. increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 21.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,838 shares of the semiconductor provider’s stock after acquiring an additional 319 shares during the period. Fulton Bank N.A.’s holdings in NXP Semiconductors were worth $495,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in NXP Semiconductors during the first quarter worth about $25,000. FinTrust Capital Advisors LLC raised its holdings in NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. LifeSteps Financial Inc. bought a new stake in NXP Semiconductors during the first quarter worth about $30,000. Valley National Advisers Inc. raised its holdings in NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after acquiring an additional 68 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new stake in NXP Semiconductors during the fourth quarter worth about $33,000. Institutional investors own 90.54% of the company’s stock.

Insider Activity

In other news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Julie Southern purchased 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The shares were bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on NXPI. Stifel Nicolaus upped their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Truist Financial reduced their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Wells Fargo & Company raised their target price on NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Finally, Argus raised their target price on NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One equities research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Stock Down 2.9 %

NXPI traded down $6.97 during trading on Wednesday, hitting $229.79. 930,635 shares of the company’s stock were exchanged, compared to its average volume of 2,257,302. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $268.28 and its two-hundred day moving average is $251.98. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The stock has a market cap of $58.75 billion, a P/E ratio of 21.86, a PEG ratio of 2.63 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 earnings per share for the quarter, topping 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 firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company posted $3.04 earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. As a group, equities analysts expect that NXP Semiconductors will post 12 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were issued a $1.014 dividend. The ex-dividend date was Thursday, June 13th. This represents a $4.06 annualized dividend and a dividend yield of 1.77%. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

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.