Peterson Wealth Services Acquires 3,048 Shares of NXP Semiconductors N.V. $NXPI

Peterson Wealth Services acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,048 shares of the semiconductor provider’s stock, valued at approximately $724,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allied Private Wealth LLC acquired a new position in NXP Semiconductors during the second quarter worth about $28,000. Bell Investment Advisors Inc acquired a new stake in NXP Semiconductors in the 2nd quarter valued at about $29,000. Fiduciary Financial Advisors acquired a new stake in NXP Semiconductors in the 2nd quarter valued at about $28,000. Fortitude Family Office LLC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at about $26,000. Finally, Triumph Capital Management purchased a new position in NXP Semiconductors in the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the transaction, the executive vice president directly owned 7,942 shares of the company’s stock, valued at $1,795,209.68. The trade was a 11.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the sale, the executive vice president owned 288 shares in the company, valued at $69,120. This trade represents a 92.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NXPI shares. Citigroup restated a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Wells Fargo & Company cut their price target on NXP Semiconductors from $280.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 20th. Morgan Stanley increased their price target on NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $300.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen 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. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $302.30.

NXP Semiconductors Trading Up 4.6%

NXPI opened at $245.83 on Tuesday. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The business has a fifty day simple moving average of $230.34 and a 200-day simple moving average of $245.72. The firm has a market cap of $61.99 billion, a P/E ratio of 20.98, a P/E/G ratio of 0.80 and a beta of 1.80. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the previous year, the firm posted $2.72 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. On average, equities analysts expect that NXP Semiconductors N.V. will post 13.75 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were issued a dividend of $1.0140 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is 34.64%.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.