Financial Partners Group LLC Has $1.97 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Financial Partners Group LLC boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,212 shares of the semiconductor provider’s stock after buying an additional 884 shares during the period. Financial Partners Group LLC’s holdings in NXP Semiconductors were worth $1,971,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of NXP Semiconductors in the first quarter worth $25,000. Family Firm Inc. purchased a new stake in NXP Semiconductors in the 2nd quarter worth about $27,000. Addison Advisors LLC lifted its stake in NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 74 shares in the last quarter. Valley National Advisers Inc. boosted its position in NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 52 shares during the period. Finally, Fortitude Family Office LLC grew its stake in NXP Semiconductors by 615.0% during the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after acquiring an additional 123 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NXPI shares. Needham & Company LLC increased their target price 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. Citic Securities assumed coverage on NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 price objective for the company. Morgan Stanley reduced their price objective on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. The Goldman Sachs Group dropped their target price on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Finally, Truist Financial cut their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.90.

Insider Buying and Selling

In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired 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 directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Julie Southern purchased 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors Stock Up 1.2 %

Shares of NASDAQ:NXPI opened at $239.06 on Friday. The company’s fifty day moving average is $238.88 and its 200-day moving average is $252.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The company has a market capitalization of $60.90 billion, a PE ratio of 22.34, a P/E/G ratio of 2.50 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 earnings per share. Equities research analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.70%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.94%.

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.