Elevation Point Wealth Partners LLC Acquires Shares of 19,239 NXP Semiconductors N.V. $NXPI

Elevation Point Wealth Partners LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,239 shares of the semiconductor provider’s stock, valued at approximately $5,408,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NXPI. JPL Wealth Management LLC bought a new position in shares of NXP Semiconductors in the 3rd quarter worth $26,000. SHP Wealth Management bought a new stake in NXP Semiconductors in the fourth quarter valued at about $27,000. Allied Private Wealth LLC acquired a new position in NXP Semiconductors in the second quarter valued at about $28,000. Acumen Wealth Advisors LLC acquired a new position in NXP Semiconductors in the fourth quarter valued at about $28,000. Finally, Bell Investment Advisors Inc bought a new position in NXP Semiconductors during the second quarter worth about $29,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $225.56 on Friday. The firm has a market cap of $56.88 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. The stock’s 50-day moving average is $265.95 and its 200-day moving average is $252.35. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.NXP Semiconductors’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.72 earnings per share. Equities analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio is 34.64%.

Insider Activity at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 1,746 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This trade represents a 32.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on NXPI. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. KeyCorp increased their price target on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Wells Fargo & Company reduced their price objective on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Oppenheimer boosted their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Jefferies Financial Group upped their price target on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.