Family Firm Inc. Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Family Firm Inc. purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 100 shares of the semiconductor provider’s stock, valued at approximately $27,000.

Several other hedge funds have also modified their holdings of NXPI. Federated Hermes Inc. lifted its holdings in shares of NXP Semiconductors by 11.7% in the 4th quarter. Federated Hermes Inc. now owns 1,355 shares of the semiconductor provider’s stock valued at $311,000 after buying an additional 142 shares during the period. CWM LLC lifted its holdings in shares of NXP Semiconductors by 3.3% in the 4th quarter. CWM LLC now owns 4,317 shares of the semiconductor provider’s stock valued at $992,000 after buying an additional 136 shares during the period. GAMMA Investing LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $145,000. Atria Wealth Solutions Inc. lifted its holdings in shares of NXP Semiconductors by 9.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 9,174 shares of the semiconductor provider’s stock valued at $2,111,000 after buying an additional 821 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $393,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on NXPI shares. TD Cowen reduced their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Truist Financial dropped their price objective on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Oppenheimer raised 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. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group began coverage on NXP Semiconductors in a research note on Monday, May 13th. They issued a “buy” rating and a $325.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $294.89.

Insider Activity at NXP Semiconductors

In other news, insider Julie Southern bought 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Julie Southern bought 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the transaction, the chief executive officer now owns 177,889 shares in the company, valued at approximately $49,052,891.75. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

NXP Semiconductors Price Performance

NXPI stock opened at $252.63 on Friday. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The stock’s fifty day simple moving average is $261.58 and its 200-day simple moving average is $254.46. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $64.59 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the firm earned $3.04 earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. Equities research analysts expect that NXP Semiconductors will post 12 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Thursday, June 13th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s payout ratio is currently 37.40%.

About NXP Semiconductors

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.