Mount Yale Investment Advisors LLC Buys 261 Shares of NXP Semiconductors (NASDAQ:NXPI)

Mount Yale Investment Advisors LLC grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,000 shares of the semiconductor provider’s stock after acquiring an additional 261 shares during the period. Mount Yale Investment Advisors LLC’s holdings in NXP Semiconductors were worth $1,884,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Drive Wealth Management LLC increased its holdings in NXP Semiconductors by 4.3% in the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock worth $257,000 after acquiring an additional 39 shares during the last quarter. Beacon Capital Management LLC boosted its position in NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 40 shares during the period. Patten Group Inc. increased its stake in shares of NXP Semiconductors by 1.2% in the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after purchasing an additional 42 shares in the last quarter. West Paces Advisors Inc. increased its stake in shares of NXP Semiconductors by 3.1% in the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after purchasing an additional 45 shares in the last quarter. Finally, Octavia Wealth Advisors LLC raised its position in shares of NXP Semiconductors by 5.4% in the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock valued at $238,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Activity

In related news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The stock was 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 approximately $7,033,002.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Julie Southern bought 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, 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 Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the company’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 sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NXPI has been the subject of a number of recent research reports. 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. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 target price on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Needham & Company LLC boosted their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Oppenheimer increased their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Finally, StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One investment 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 MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Stock Down 2.9 %

Shares of NXPI opened at $231.88 on Monday. NXP Semiconductors has a 1 year low of $167.21 and a 1 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. The stock has a 50 day simple moving average of $248.01 and a two-hundred 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.

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 net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the company earned $3.04 EPS. The firm’s revenue was down 5.2% on a year-over-year basis. On average, analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders 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 dividend yield of 1.75%. NXP Semiconductors’s dividend payout ratio is currently 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.