Ferguson Wellman Capital Management Inc. Invests $631,000 in NXP Semiconductors N.V. $NXPI

Ferguson Wellman Capital Management Inc. bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, Holdings Channel.com reports. The fund bought 2,246 shares of the semiconductor provider’s stock, valued at approximately $631,000.

Other large investors have also recently bought and sold shares of the company. Allied Private Wealth LLC bought a new stake in NXP Semiconductors in the 2nd quarter valued at $28,000. Bell Investment Advisors Inc bought a new position in shares of NXP Semiconductors during the 2nd quarter worth about $29,000. Fiduciary Financial Advisors acquired a new position in shares of NXP Semiconductors during the second quarter valued at about $28,000. JPL Wealth Management LLC acquired a new position in shares of NXP Semiconductors during the third quarter valued at about $26,000. Finally, Pingora Partners LLC bought a new stake in shares of NXP Semiconductors in the second quarter valued at about $35,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s 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 sale, the executive vice president directly owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. 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. Company insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays lifted their target price on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $290.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Stifel Nicolaus set a $282.00 price objective on NXP Semiconductors in a report on Wednesday, July 29th. TD Cowen lowered their price objective on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $305.43.

NXP Semiconductors Stock Down 1.0%

Shares of NXPI opened at $223.58 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average price of $257.48 and a two-hundred day moving average price of $252.32. The stock has a market cap of $56.38 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 0.76 and a beta of 1.81. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) 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%.NXP Semiconductors’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.72 EPS. Equities analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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