Farmers National Bank Grows Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Farmers National Bank boosted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 899 shares of the semiconductor provider’s stock after acquiring an additional 52 shares during the period. Farmers National Bank’s holdings in NXP Semiconductors were worth $242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. J. W. Coons Advisors LLC grew its holdings in NXP Semiconductors by 37.8% in the fourth quarter. J. W. Coons Advisors LLC now owns 1,867 shares of the semiconductor provider’s stock valued at $429,000 after purchasing an additional 512 shares during the period. Bank of Nova Scotia boosted its stake in NXP Semiconductors by 24.9% during the 4th quarter. Bank of Nova Scotia now owns 45,920 shares of the semiconductor provider’s stock valued at $10,547,000 after acquiring an additional 9,149 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in NXP Semiconductors in the fourth quarter valued at about $310,000. Jones Financial Companies Lllp lifted its stake in NXP Semiconductors by 11.7% during the fourth quarter. Jones Financial Companies Lllp now owns 784 shares of the semiconductor provider’s stock worth $180,000 after purchasing an additional 82 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of NXP Semiconductors by 0.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 246,084 shares of the semiconductor provider’s stock worth $56,521,000 after buying an additional 1,799 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

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

NXP Semiconductors Stock Down 3.2 %

Shares of NASDAQ:NXPI opened at $232.22 on Wednesday. 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 business’s 50-day moving average is $242.30 and its 200-day moving average is $253.69. The company has a market capitalization of $59.37 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 2.51 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued 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 firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the company earned $3.04 earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. Equities research analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors 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 yield of 1.75%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.40%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective 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. TD Cowen lowered 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. Oppenheimer upped their price target on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Morgan Stanley decreased their target price on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, Needham & Company LLC lifted their price target on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $294.89.

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.