Ferguson Wellman Capital Management Inc. Acquires Shares of 2,246 NXP Semiconductors N.V. $NXPI

Ferguson Wellman Capital Management Inc. bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,246 shares of the semiconductor provider’s stock, valued at approximately $631,000.

Several other institutional investors have also made changes to their positions in NXPI. BlackRock Inc. purchased a new position in NXP Semiconductors during the 2nd quarter worth approximately $6,716,412,000. State Street Corp boosted its position in shares of NXP Semiconductors by 0.5% in the fourth quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock worth $2,407,382,000 after buying an additional 55,098 shares during the period. Wellington Management Group LLP acquired a new stake in shares of NXP Semiconductors in the second quarter worth $21,099,000. Invesco Ltd. grew its holdings in shares of NXP Semiconductors by 17.2% during the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after buying an additional 818,985 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in NXP Semiconductors by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock valued at $1,180,572,000 after buying an additional 30,804 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price objective on shares of NXP Semiconductors in a research report on Monday, August 17th. Morgan Stanley upped their price objective on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $290.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Stock Down 1.0%

NXPI stock opened at $223.58 on Friday. The firm has a market cap of $56.38 billion, a PE ratio of 19.08, a PEG ratio of 0.76 and a beta of 1.81. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a fifty day simple moving average of $257.48 and a 200 day simple moving average of $252.32. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

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

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued 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 dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio is currently 34.64%.

Insider Buying and Selling

In other news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was 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 of the company’s stock, valued at $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by corporate insiders.

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.