Wedmont Private Capital Buys Shares of 834 NXP Semiconductors (NASDAQ:NXPI)

Wedmont Private Capital purchased a new position in shares of NXP Semiconductors (NASDAQ:NXPI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 834 shares of the semiconductor provider’s stock, valued at approximately $210,000.

A number of other large investors also recently bought and sold shares of the business. FinTrust Capital Advisors LLC boosted its stake in shares of NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the period. Operose Advisors LLC bought a new stake in NXP Semiconductors during the 3rd quarter valued at about $26,000. Valley National Advisers Inc. boosted its position in NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after buying an additional 68 shares during the period. Rise Advisors LLC bought a new position in NXP Semiconductors in the 1st quarter worth about $35,000. Finally, ICA Group Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NXPI. Mizuho raised NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. Jefferies Financial Group assumed coverage on NXP Semiconductors in a research note on Monday, May 13th. They set a “buy” rating and a $325.00 price target on the stock. StockNews.com raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upped their price target on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Oppenheimer increased their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $267.80.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the transaction, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is owned by insiders.

NXP Semiconductors Stock Up 2.4 %

NXPI stock opened at $271.03 on Monday. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $286.87. The stock has a market capitalization of $69.30 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 2.47 and a beta of 1.50. The firm has a 50 day moving average of $260.55 and a 200 day moving average of $241.61.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. Sell-side analysts forecast that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.

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.