Edgestream Partners L.P. Takes Position in NXP Semiconductors (NASDAQ:NXPI)

Edgestream Partners L.P. purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 957 shares of the semiconductor provider’s stock, valued at approximately $258,000.

A number of other institutional investors also recently modified their holdings of the company. Aveo Capital Partners LLC raised its holdings in NXP Semiconductors by 43.7% during the fourth quarter. Aveo Capital Partners LLC now owns 1,500 shares of the semiconductor provider’s stock worth $345,000 after acquiring an additional 456 shares in the last quarter. 9258 Wealth Management LLC grew its position in shares of NXP Semiconductors by 21.2% in the fourth quarter. 9258 Wealth Management LLC now owns 5,041 shares of the semiconductor provider’s stock valued at $1,158,000 after purchasing an additional 881 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of NXP Semiconductors by 4.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 80,038 shares of the semiconductor provider’s stock valued at $18,383,000 after purchasing an additional 3,529 shares during the last quarter. Artisan Partners Limited Partnership grew its position in shares of NXP Semiconductors by 2.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 292,632 shares of the semiconductor provider’s stock valued at $67,212,000 after purchasing an additional 6,641 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $4,629,000. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NXPI shares. Barclays increased their price target on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. TD Cowen lowered their target price on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Truist Financial decreased their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, 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 research note on Wednesday, July 24th. One 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $294.89.

NXP Semiconductors Stock Down 0.0 %

NXPI opened at $231.86 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The firm’s fifty day moving average is $246.99 and its 200 day moving average is $254.17. The stock has a market cap of $59.28 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping 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 firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm posted $3.04 EPS. The business’s quarterly revenue was down 5.2% on a year-over-year basis. On average, sell-side analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a $1.014 dividend. The ex-dividend date of this dividend 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 37.40%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of 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 the SEC website. In related news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction that occurred 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 owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Julie Southern purchased 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were bought at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the purchase, the insider now directly 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 corporate insiders.

NXP Semiconductors 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.