NewEdge Wealth LLC Acquires Shares of 3,141 NXP Semiconductors N.V. $NXPI

NewEdge Wealth LLC acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, HoldingsChannel reports. The fund acquired 3,141 shares of the semiconductor provider’s stock, valued at approximately $883,000.

Several other large investors also recently made changes to their positions in the business. Act Two Investors LLC bought a new position in shares of NXP Semiconductors in the second quarter valued at about $334,000. Danske Bank A S bought a new stake in NXP Semiconductors during the 2nd quarter worth about $34,327,000. Diversify Advisory Services LLC acquired a new stake in NXP Semiconductors in the 2nd quarter valued at about $874,000. Wealthfront Advisers LLC bought a new position in shares of NXP Semiconductors in the second quarter worth about $2,087,000. Finally, Foster & Motley Inc. bought a new position in shares of NXP Semiconductors in the second quarter worth about $406,000. Institutional investors own 90.54% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 dated 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 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. Corporate insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Susquehanna boosted their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. BNP Paribas Exane upped their price objective on NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Wells Fargo & Company decreased their price objective on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Finally, Bank of America reissued a “neutral” rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Stock Up 1.2%

Shares of NASDAQ:NXPI opened at $225.56 on Friday. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The company has a 50 day moving average of $265.95 and a 200-day moving average of $252.35. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The stock has a market cap of $56.88 billion, a price-to-earnings ratio of 19.25, a P/E/G ratio of 0.76 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm posted $2.72 earnings per share. NXP Semiconductors’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, sell-side analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is presently 34.56%.

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.