Hantz Financial Services Inc. Takes Position in NXP Semiconductors (NASDAQ:NXPI)

Hantz Financial Services Inc. acquired a new position in NXP Semiconductors (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,101 shares of the semiconductor provider’s stock, valued at approximately $2,718,000.

Other institutional investors also recently bought and sold shares of the company. Beacon Capital Management LLC increased its stake in shares of NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after buying an additional 40 shares during the period. Patten Group Inc. increased its position in NXP Semiconductors by 1.2% during the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock valued at $929,000 after purchasing an additional 42 shares during the period. West Paces Advisors Inc. raised its holdings in shares of NXP Semiconductors by 3.1% in the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock valued at $404,000 after purchasing an additional 45 shares in the last quarter. Lincoln National Corp lifted its position in shares of NXP Semiconductors by 1.9% in the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock worth $568,000 after purchasing an additional 46 shares during the period. Finally, Peterson Wealth Services boosted its stake in shares of NXP Semiconductors by 3.1% during the first quarter. Peterson Wealth Services now owns 1,520 shares of the semiconductor provider’s stock valued at $377,000 after purchasing an additional 46 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the sale, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Julie Southern purchased 146 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now owns 177,889 shares in the company, valued at approximately $49,052,891.75. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Truist Financial reduced their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Wells Fargo & Company upped their price objective on NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Citigroup lifted their target price on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price target for the company from $265.00 to $325.00 in a research report on Friday, May 24th. Finally, Needham & Company LLC lifted their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Price Performance

Shares of NXPI opened at $256.36 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The company’s fifty day moving average price is $259.97 and its 200-day moving average price is $254.88. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08. The firm has a market capitalization of $65.55 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company earned $3.04 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. On average, equities research analysts predict that NXP Semiconductors will post 12 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.