Vest Financial LLC Grows Stake in NXP Semiconductors (NASDAQ:NXPI)

Vest Financial LLC boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,590 shares of the semiconductor provider’s stock after purchasing an additional 145 shares during the quarter. Vest Financial LLC’s holdings in NXP Semiconductors were worth $428,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of NXP Semiconductors in the first quarter valued at approximately $25,000. FinTrust Capital Advisors LLC lifted its stake in NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares in the last quarter. Family Firm Inc. acquired a new stake in NXP Semiconductors during the 2nd quarter valued at $27,000. Addison Advisors LLC increased its position in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 74 shares in the last quarter. Finally, LifeSteps Financial Inc. acquired a new position in shares of NXP Semiconductors in the first quarter worth $30,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of analyst reports. Oppenheimer increased their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Wells Fargo & Company upped their price objective on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Mizuho upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their target price for the stock from $265.00 to $325.00 in a research report on Friday, May 24th. Finally, Truist Financial cut their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $294.89.

NXP Semiconductors Stock Up 2.1 %

Shares of NASDAQ:NXPI opened at $229.93 on Friday. The stock has a 50-day simple moving average of $252.50 and a 200-day simple moving average of $254.90. The stock has a market capitalization of $58.57 billion, a P/E ratio of 21.23, a PEG ratio of 2.50 and a beta of 1.49. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the company posted $3.04 earnings per share. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. Equities analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.76%. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Insider Buying and Selling at NXP Semiconductors

In related news, insider Julie Southern bought 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.