Frank Rimerman Advisors LLC Buys Shares of 4,006 NXP Semiconductors (NASDAQ:NXPI)

Frank Rimerman Advisors LLC bought a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,006 shares of the semiconductor provider’s stock, valued at approximately $1,078,000.

Other hedge funds have also added to or reduced their stakes in the company. Drive Wealth Management LLC boosted its position in shares of NXP Semiconductors by 4.3% during the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock valued at $257,000 after acquiring an additional 39 shares during the last quarter. Beacon Capital Management LLC boosted its position in shares of NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Patten Group Inc. boosted its position in shares of NXP Semiconductors by 1.2% during the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after acquiring an additional 42 shares during the last quarter. West Paces Advisors Inc. boosted its position in shares of NXP Semiconductors by 3.1% during the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock valued at $404,000 after acquiring an additional 45 shares during the last quarter. Finally, Octavia Wealth Advisors LLC boosted its position in shares of NXP Semiconductors by 5.4% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 2.9 %

NXPI opened at $231.88 on Monday. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The business has a fifty day simple moving average of $248.01 and a 200-day simple moving average of $254.36. The firm has a market cap 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. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

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 firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the business posted $3.04 earnings per share. On average, equities analysts expect that NXP Semiconductors will post 11.97 earnings per share for the current 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 paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Oppenheimer boosted 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. Citigroup upped their price target on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. Barclays boosted their target price on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Stifel Nicolaus upped their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

Insider Buying and Selling at NXP Semiconductors

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