Tulsa Wealth Advisors INC Takes Position in NXP Semiconductors N.V. $NXPI

Tulsa Wealth Advisors INC bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,043 shares of the semiconductor provider’s stock, valued at approximately $1,417,000.

A number of other hedge funds have also made changes to their positions in NXPI. Allied Private Wealth LLC bought a new position in NXP Semiconductors during the 2nd quarter valued at about $28,000. JPL Wealth Management LLC acquired a new position in NXP Semiconductors in the third quarter valued at about $26,000. SHP Wealth Management bought a new stake in NXP Semiconductors during the fourth quarter worth about $27,000. Acumen Wealth Advisors LLC bought a new stake in NXP Semiconductors during the fourth quarter worth about $28,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the sale, the executive vice president owned 3,643 shares of the company’s stock, valued at $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 SEC, 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 company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. The trade was a 10.06% decrease in their position. 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. 0.05% of the stock is currently owned by corporate insiders.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $234.71 on Monday. The stock has a market cap of $59.18 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 0.80 and a beta of 1.82. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The business’s 50-day simple moving average is $273.07 and its 200 day simple moving average is $252.68.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.72 earnings per share. As a group, research analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NXPI. Wall Street Zen cut shares of NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Stifel Nicolaus set a $282.00 price target on NXP Semiconductors in a research report on Wednesday, July 29th. Susquehanna raised their price target on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Finally, Oppenheimer boosted their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $305.43.

About NXP Semiconductors

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.