Profund Advisors LLC Raises Stake in NXP Semiconductors (NASDAQ:NXPI)

Profund Advisors LLC lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,717 shares of the semiconductor provider’s stock after buying an additional 2,207 shares during the period. Profund Advisors LLC’s holdings in NXP Semiconductors were worth $11,226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Future Financial Wealth Managment LLC purchased a new position in shares of NXP Semiconductors in the 1st quarter valued at approximately $25,000. FinTrust Capital Advisors LLC raised its position in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after buying an additional 49 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of NXP Semiconductors in the second quarter valued at about $27,000. Addison Advisors LLC raised its holdings in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares in the last quarter. Finally, LifeSteps Financial Inc. acquired a new position in NXP Semiconductors during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insiders Place Their Bets

In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the firm’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 purchase, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated 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 directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NXPI. Cantor Fitzgerald restated an “overweight” rating and issued a $350.00 price target on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. Morgan Stanley reduced their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Barclays upped their price target on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Truist Financial reduced their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Oppenheimer upped their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $294.89.

NXP Semiconductors Stock Down 2.9 %

Shares of NASDAQ:NXPI opened at $231.88 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $59.29 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.50 and a beta of 1.49. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The stock’s fifty day simple moving average is $248.01 and its 200-day simple moving average is $254.34.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.04 EPS. As a group, equities research analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $1.014 dividend. The ex-dividend date is Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.75%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

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.