Greenleaf Trust Buys Shares of 3,107 NXP Semiconductors N.V. $NXPI

Greenleaf Trust acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 3,107 shares of the semiconductor provider’s stock, valued at approximately $873,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXPI. JPL Wealth Management LLC bought a new stake in NXP Semiconductors during the 3rd quarter worth approximately $26,000. SHP Wealth Management bought a new stake in shares of NXP Semiconductors in the fourth quarter worth $27,000. Allied Private Wealth LLC acquired a new stake in NXP Semiconductors in the second quarter valued at $28,000. Fiduciary Financial Advisors bought a new position in NXP Semiconductors during the 2nd quarter worth $28,000. Finally, Acumen Wealth Advisors LLC acquired a new position in NXP Semiconductors during the 4th quarter worth about $28,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $224.64 on Tuesday. The firm’s 50-day moving average price is $255.51 and its 200-day moving average price is $252.40. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The firm has a market capitalization of $56.65 billion, a P/E ratio of 19.17, a P/E/G ratio of 0.76 and a beta of 1.82. 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 issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the business posted $2.72 EPS. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities research analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is currently 34.64%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NXPI shares. Oppenheimer increased their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. UBS Group reaffirmed a “neutral” rating and issued a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Barclays increased their price objective on shares of NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $290.00 price target on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus set a $282.00 price objective on NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.