Brighton Jones LLC Boosts Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Brighton Jones LLC boosted its position in NXP Semiconductors (NASDAQ:NXPI) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,024 shares of the semiconductor provider’s stock after purchasing an additional 51 shares during the period. Brighton Jones LLC’s holdings in NXP Semiconductors were worth $275,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NXPI. Aveo Capital Partners LLC lifted its stake in NXP Semiconductors by 43.7% in the fourth quarter. Aveo Capital Partners LLC now owns 1,500 shares of the semiconductor provider’s stock valued at $345,000 after purchasing an additional 456 shares during the last quarter. 9258 Wealth Management LLC lifted its position in shares of NXP Semiconductors by 21.2% during the fourth quarter. 9258 Wealth Management LLC now owns 5,041 shares of the semiconductor provider’s stock worth $1,158,000 after acquiring an additional 881 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth $243,000. Nomura Asset Management Co. Ltd. lifted its position in shares of NXP Semiconductors by 4.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 80,038 shares of the semiconductor provider’s stock worth $18,383,000 after acquiring an additional 3,529 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in shares of NXP Semiconductors by 2.1% during the fourth quarter. Westfield Capital Management Co. LP now owns 34,861 shares of the semiconductor provider’s stock worth $8,007,000 after acquiring an additional 729 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.9 %

Shares of NASDAQ:NXPI opened at $231.88 on Monday. The stock’s 50-day moving average price is $248.01 and its 200-day moving average price is $254.36. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The stock has a market capitalization of $59.29 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data 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. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm earned $3.04 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts anticipate that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Announces Dividend

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

Insider Transactions at NXP Semiconductors

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

Analyst Ratings Changes

Several equities research analysts have issued reports on NXPI shares. Oppenheimer increased their target price on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Stifel Nicolaus upped their price target 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. Morgan Stanley decreased their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Truist Financial decreased their price target on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

About NXP Semiconductors

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.