Global Retirement Partners LLC Takes $1.80 Million Position in NXP Semiconductors N.V. $NXPI

Global Retirement Partners LLC purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,398 shares of the semiconductor provider’s stock, valued at approximately $1,798,000.

Several other large investors have also recently bought and sold shares of the company. Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors during the second quarter worth $28,000. JPL Wealth Management LLC acquired a new position in shares of NXP Semiconductors during the third quarter valued at about $26,000. SHP Wealth Management bought a new stake in NXP Semiconductors during the fourth quarter worth $27,000. Acumen Wealth Advisors LLC purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $28,000. Finally, Jessup Wealth Management Inc purchased a new stake in NXP Semiconductors in the 4th quarter valued at about $29,000. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NXPI has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Morgan Stanley increased their target price on NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. KeyCorp raised their price objective 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. Truist Financial boosted their target price on NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $290.00 price target 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $305.43.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $232.72 on Tuesday. The firm has a market capitalization of $58.68 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.82. 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 N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The business’s 50-day moving average price is $271.70 and its 200-day moving average price is $252.70.

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

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s payout ratio is presently 34.64%.

Insider Buying and Selling

In other news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the 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 transaction, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. This represents a 10.06% 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. Insiders own 0.05% of the company’s stock.

NXP Semiconductors 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.