Larry Mathis Financial Planning LLC Invests $435,000 in NXP Semiconductors N.V. $NXPI

Larry Mathis Financial Planning LLC purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,003 shares of the semiconductor provider’s stock, valued at approximately $435,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPL Wealth Management LLC acquired a new position in NXP Semiconductors during the 3rd quarter worth $26,000. SHP Wealth Management bought a new position in NXP Semiconductors in the 4th quarter valued at $27,000. Acumen Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at $28,000. Jessup Wealth Management Inc acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at $29,000. Finally, Quattro Advisors LLC bought a new stake in shares of NXP Semiconductors during the fourth quarter worth $30,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several recent research reports. Cantor Fitzgerald raised their price target on NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Evercore boosted their price objective on NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Citigroup boosted their price objective on NXP Semiconductors from $255.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Raymond James Financial upped their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Truist Financial raised their target price on shares of NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $295.92.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the sale, the executive vice president directly owned 2,020 shares of the company’s stock, valued at $474,700. This represents a 72.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 stock in a transaction that occurred on 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 owned 8,942 shares in the company, valued at $2,821,826.94. This 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. In the last ninety days, insiders sold 12,611 shares of company stock worth $3,182,068. 0.05% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Performance

NXPI stock opened at $313.27 on Friday. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The company has a market cap of $79.09 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 1.13 and a beta of 1.77. The business’s fifty day moving average is $281.83 and its 200-day moving average is $242.29.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.64 earnings per share. Equities research analysts forecast that NXP Semiconductors N.V. will post 13.4 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 24th. NXP Semiconductors’s payout ratio is presently 38.85%.

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.