WealthShield Partners LLC Makes New Investment in NXP Semiconductors N.V. $NXPI

WealthShield Partners LLC bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,528 shares of the semiconductor provider’s stock, valued at approximately $3,533,000.

A number of other institutional investors have also recently made changes to their positions in the company. Allied Private Wealth LLC purchased a new position in NXP Semiconductors in the 2nd quarter worth approximately $28,000. Bell Investment Advisors Inc purchased a new stake in NXP Semiconductors during the 2nd quarter valued at $29,000. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors during the 3rd quarter valued at $26,000. SHP Wealth Management bought a new stake in shares of NXP Semiconductors in the 4th quarter worth $27,000. Finally, Acumen Wealth Advisors LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter worth $28,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXPI stock opened at $225.56 on Friday. The company has a market cap of $56.88 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The stock’s fifty day moving average price is $265.95 and its 200-day moving average price is $252.35.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business earned $2.72 earnings per share. NXP Semiconductors’s revenue for the quarter was up 19.5% compared to the same quarter last year. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were given a dividend of $1.014 per share. 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%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NXPI. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price target on shares of NXP Semiconductors in a report on Monday, August 17th. Stifel Nicolaus set a $282.00 price objective on NXP Semiconductors in a report on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. TD Cowen decreased their target price on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research note 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $305.43.

Insider Activity

In other news, 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 value of $315,570.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. 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 corporate insiders.

NXP Semiconductors 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.