Peterson Wealth Services Makes New Investment in NXP Semiconductors N.V. $NXPI

Peterson Wealth Services acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 3,048 shares of the semiconductor provider’s stock, valued at approximately $724,000.

Several other hedge funds have also modified their holdings of NXPI. Larry Mathis Financial Planning LLC purchased a new position in NXP Semiconductors in the third quarter valued at $439,000. Apollon Wealth Management LLC acquired a new position in NXP Semiconductors during the 3rd quarter worth $1,106,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in NXP Semiconductors during the 3rd quarter worth $229,588,000. Aries Wealth Management purchased a new stake in NXP Semiconductors during the 3rd quarter worth about $518,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in NXP Semiconductors during the 3rd quarter worth about $59,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NXPI opened at $245.83 on Tuesday. The firm has a market capitalization of $61.99 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 0.80 and a beta of 1.80. The firm’s fifty day simple moving average is $230.34 and its 200-day simple moving average is $245.72. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.72 earnings per share. Equities analysts forecast that NXP Semiconductors N.V. will post 13.75 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were paid a $1.0140 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.6%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. TD Cowen reduced their price target on NXP Semiconductors from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, October 19th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Needham & Company LLC reissued a “buy” rating and set a $300.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Bank of America restated a “neutral” rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $282.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, October 5th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $302.30.

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 Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the completion of the sale, the executive vice president directly owned 7,942 shares of the company’s stock, valued at $1,795,209.68. The trade was a 11.18% decrease in their position. The sale was disclosed in a filing 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 Jensen sold 3,355 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the transaction, the executive vice president directly owned 288 shares of the company’s stock, valued at approximately $69,120. This represents a 92.09% 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 insiders.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.