7,426 Shares in NXP Semiconductors N.V. $NXPI Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,426 shares of the semiconductor provider’s stock, valued at approximately $2,087,000.

Other institutional investors also recently bought and sold shares of the company. Foster & Motley Inc. purchased a new stake in NXP Semiconductors during the second quarter worth about $406,000. Figure 8 Investment Strategies LLC purchased a new position in shares of NXP Semiconductors in the second quarter valued at approximately $2,965,000. K2 Principal Fund L.P. acquired a new position in shares of NXP Semiconductors in the second quarter valued at approximately $281,000. Meeder Advisory Services Inc. acquired a new position in shares of NXP Semiconductors in the second quarter valued at approximately $1,576,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in NXP Semiconductors during the 2nd quarter worth approximately $1,131,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 1.3%

NXPI opened at $222.97 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The company has a market cap of $56.22 billion, a P/E ratio of 19.02, a PEG ratio of 0.77 and a beta of 1.81. The business’s 50-day simple moving average is $267.54 and its 200-day simple moving average is $252.54.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results 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 firm 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%.The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.72 earnings per share. As a group, equities research analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction 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 sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% 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 Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction 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 sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. This trade represents a 32.40% 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 currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Wolfe Research boosted their price target on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Citigroup reaffirmed a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Stifel Nicolaus set a $282.00 price objective on NXP Semiconductors in a research note on Wednesday, July 29th. Finally, KeyCorp lifted their target price on NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

About NXP Semiconductors

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.