Hancock Whitney Corp Increases Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Hancock Whitney Corp lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,709 shares of the semiconductor provider’s stock after buying an additional 835 shares during the quarter. Hancock Whitney Corp’s holdings in NXP Semiconductors were worth $8,263,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of NXP Semiconductors during the 1st quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in shares of NXP Semiconductors during the 2nd quarter valued at approximately $27,000. Addison Advisors LLC lifted its stake in shares of NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 74 shares in the last quarter. FinTrust Capital Advisors LLC lifted its stake in shares of NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares in the last quarter. Finally, LifeSteps Financial Inc. purchased a new stake in shares of NXP Semiconductors during the 1st quarter valued at approximately $30,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price target on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. Needham & Company LLC upped 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. Stifel Nicolaus upped their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. 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 report on Wednesday, July 24th. Finally, StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $231.88 on Friday. The company’s fifty day moving average price is $248.01 and its 200-day moving average price is $254.30. The firm has a market capitalization of $59.29 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.50 and a beta of 1.49. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08. 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 released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating 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 analyst estimates of $3.13 billion. During the same quarter last year, the firm earned $3.04 EPS. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

Insider Activity at NXP Semiconductors

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

NXP Semiconductors Company 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.