Benjamin F. Edwards & Company Inc. Increases Holdings in NXP Semiconductors (NASDAQ:NXPI)

Benjamin F. Edwards & Company Inc. lifted its position in NXP Semiconductors (NASDAQ:NXPI) by 9.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 627 shares of the semiconductor provider’s stock after buying an additional 54 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in NXP Semiconductors were worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Aveo Capital Partners LLC grew its stake in shares of NXP Semiconductors by 43.7% during the 4th quarter. Aveo Capital Partners LLC now owns 1,500 shares of the semiconductor provider’s stock valued at $345,000 after purchasing an additional 456 shares during the period. 9258 Wealth Management LLC increased its holdings in NXP Semiconductors by 21.2% during the fourth quarter. 9258 Wealth Management LLC now owns 5,041 shares of the semiconductor provider’s stock valued at $1,158,000 after buying an additional 881 shares during the last quarter. TD Asset Management Inc increased its holdings in NXP Semiconductors by 20.0% during the fourth quarter. TD Asset Management Inc now owns 202,278 shares of the semiconductor provider’s stock valued at $46,459,000 after buying an additional 33,672 shares during the last quarter. Stifel Financial Corp raised its position in NXP Semiconductors by 33.7% in the fourth quarter. Stifel Financial Corp now owns 106,841 shares of the semiconductor provider’s stock worth $24,539,000 after acquiring an additional 26,943 shares during the period. Finally, J. W. Coons Advisors LLC boosted its stake in shares of NXP Semiconductors by 37.8% during the 4th quarter. J. W. Coons Advisors LLC now owns 1,867 shares of the semiconductor provider’s stock worth $429,000 after acquiring an additional 512 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In related news, insider Julie Southern purchased 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Julie Southern bought 146 shares of NXP Semiconductors stock in a transaction on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the purchase, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NXPI. Truist Financial decreased their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Citigroup lifted their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research report on Monday, July 15th. Needham & Company LLC increased their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. TD Cowen decreased their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Morgan Stanley dropped their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average price target of $294.89.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $242.24 on Friday. The stock has a market capitalization of $61.94 billion, a PE ratio of 22.17, a P/E/G ratio of 2.51 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 business has a 50 day simple moving average of $245.01 and a two-hundred day simple moving average of $253.90. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52.

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, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the business posted $3.04 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.2% on a year-over-year basis. On average, research analysts predict that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm 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. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.40%.

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.