Independent Financial Group LLC Makes New $436,000 Investment in NXP Semiconductors N.V. $NXPI

Independent Financial Group LLC acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,214 shares of the semiconductor provider’s stock, valued at approximately $436,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. D.A. Davidson & CO. boosted its position in NXP Semiconductors by 12.3% during the first quarter. D.A. Davidson & CO. now owns 8,953 shares of the semiconductor provider’s stock valued at $1,762,000 after purchasing an additional 984 shares during the last quarter. Midwest Professional Planners LTD. increased its position in shares of NXP Semiconductors by 2.7% during the 1st quarter. Midwest Professional Planners LTD. now owns 4,607 shares of the semiconductor provider’s stock worth $907,000 after purchasing an additional 123 shares during the last quarter. Camden National Bank raised its stake in shares of NXP Semiconductors by 11.1% during the 1st quarter. Camden National Bank now owns 1,646 shares of the semiconductor provider’s stock worth $324,000 after purchasing an additional 165 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of NXP Semiconductors by 18.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 1,935 shares of the semiconductor provider’s stock worth $381,000 after purchasing an additional 298 shares in the last quarter. Finally, Hartford Funds Management Co LLC raised its stake in shares of NXP Semiconductors by 30.3% during the 1st quarter. Hartford Funds Management Co LLC now owns 9,605 shares of the semiconductor provider’s stock worth $1,892,000 after purchasing an additional 2,232 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 0.5%

NXPI stock opened at $277.29 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The company has a fifty day moving average price of $296.33 and a two-hundred day moving average price of $252.24. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The stock has a market cap of $70.01 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.16 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.07. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.64 earnings per share. Equities analysts anticipate that NXP Semiconductors N.V. will post 13.46 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were paid a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. NXP Semiconductors’s dividend payout ratio is 38.85%.

Insider Activity

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on NXPI. Oppenheimer raised their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings raised shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Bank of America lifted their price objective on shares of NXP Semiconductors from $275.00 to $310.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Barclays boosted their price objective on shares of NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Cantor Fitzgerald upped their target price on shares of NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Sixteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $306.59.

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.