Clearstead Trust LLC Acquires Shares of 6,000 NXP Semiconductors N.V. $NXPI

Clearstead Trust LLC bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,000 shares of the semiconductor provider’s stock, valued at approximately $1,686,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPL Wealth Management LLC acquired a new position in NXP Semiconductors in the third quarter valued at approximately $26,000. SHP Wealth Management acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $27,000. Acumen Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $28,000. Allied Private Wealth LLC purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $28,000. Finally, Jessup Wealth Management Inc purchased a new position in shares of NXP Semiconductors during the 4th quarter valued at approximately $29,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Christopher L. Jensen sold 1,746 shares of the business’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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Morgan Stanley lifted their price objective on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $290.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Jefferies Financial Group raised their target price on NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Raymond James Financial lifted their price target on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” 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 given a Sell rating to the company. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $305.43.

NXP Semiconductors Trading Up 1.2%

Shares of NXP Semiconductors stock opened at $234.71 on Friday. The firm has a market capitalization of $59.18 billion, a PE ratio of 20.03, a P/E/G ratio of 0.80 and a beta of 1.81. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The firm’s 50-day moving average price is $273.07 and its 200 day moving average price is $252.52. 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 posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the previous year, the firm posted $2.72 EPS. NXP Semiconductors’s revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. NXP Semiconductors’s payout ratio is currently 34.64%.

NXP Semiconductors Company 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.