Trust Co. of Vermont Buys New Stake in NXP Semiconductors N.V. $NXPI

Trust Co. of Vermont bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,458 shares of the semiconductor provider’s stock, valued at approximately $691,000.

Several other institutional investors and hedge funds have also bought and sold shares of NXPI. Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors during the second quarter worth $28,000. Bell Investment Advisors Inc purchased a new position in NXP Semiconductors during the 2nd quarter worth $29,000. JPL Wealth Management LLC purchased a new position in NXP Semiconductors during the 3rd quarter worth $26,000. SHP Wealth Management purchased a new position in NXP Semiconductors during the 4th quarter worth $27,000. Finally, Acumen Wealth Advisors LLC acquired a new position in NXP Semiconductors during the 4th quarter valued at about $28,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on NXPI shares. Evercore increased their price target on NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Raymond James Financial upped their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Morgan Stanley increased their price objective on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Finally, Bank of America restated a “neutral” rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $305.43.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 1,746 shares of the firm’s stock in a transaction 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 sale, the executive vice president owned 3,643 shares in the company, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $228.56 on Wednesday. The firm has a market capitalization of $57.63 billion, a P/E ratio of 19.50, a PEG ratio of 0.80 and a beta of 1.82. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The stock has a 50-day simple moving average of $270.32 and a two-hundred day simple moving average of $252.62. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the business earned $2.72 earnings per share. NXP Semiconductors’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio is 34.64%.

NXP Semiconductors Company Profile

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.