NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc increased its position in NXP Semiconductors (NASDAQ:NXPI) by 5.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 177,005 shares of the semiconductor provider’s stock after purchasing an additional 8,615 shares during the period. Ensign Peak Advisors Inc owned 0.07% of NXP Semiconductors worth $47,630,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in NXP Semiconductors in the first quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in NXP Semiconductors in the 2nd quarter valued at $27,000. Addison Advisors LLC boosted its stake in NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares during the period. FinTrust Capital Advisors LLC grew 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 purchasing an additional 49 shares during the last quarter. Finally, LifeSteps Financial Inc. purchased a new position in NXP Semiconductors during the 1st quarter worth $30,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Julie Southern acquired 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The transaction was disclosed in a document filed with the SEC, which is available 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 acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, 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. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. Truist Financial reduced their target price on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus upped their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Oppenheimer lifted their target price on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. TD Cowen dropped their target price on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 23rd. One equities 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 company’s stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $294.89.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $231.88 on Friday. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The stock has a market cap of $59.29 billion, a price-to-earnings ratio of 21.41, a PEG 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. The company’s 50-day moving average price is $248.01 and its 200 day moving average price is $254.34.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The firm 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%. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.04 earnings per share. As a group, research analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

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. This represents a $4.06 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.40%.

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.