7,426 Shares in NXP Semiconductors N.V. $NXPI Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,426 shares of the semiconductor provider’s stock, valued at approximately $2,087,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors in the third quarter worth about $26,000. SHP Wealth Management purchased a new position in NXP Semiconductors in the fourth quarter worth $27,000. Allied Private Wealth LLC acquired a new position in NXP Semiconductors during the 2nd quarter valued at about $28,000. Acumen Wealth Advisors LLC acquired a new position in shares of NXP Semiconductors during the fourth quarter valued at about $28,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of NXP Semiconductors in the second quarter worth $29,000. Institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares in the company, valued at $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. Evercore lifted their target price on NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Stifel Nicolaus set a $282.00 price target on NXP Semiconductors in a research note on Wednesday, July 29th. Morgan Stanley upped their price objective on shares of NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Susquehanna boosted their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $305.43.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $222.97 on Friday. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The stock’s fifty day moving average is $267.54 and its two-hundred day moving average is $252.54. The company has a market capitalization of $56.22 billion, a P/E ratio of 19.02, a P/E/G ratio of 0.77 and a beta of 1.81. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.72 EPS. Equities analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is 34.64%.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.