Transform Wealth LLC Purchases 469 Shares of NXP Semiconductors (NASDAQ:NXPI)

Transform Wealth LLC raised its position in NXP Semiconductors (NASDAQ:NXPIGet Rating) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,449 shares of the semiconductor provider’s stock after buying an additional 469 shares during the quarter. Transform Wealth LLC’s holdings in NXP Semiconductors were worth $4,681,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in shares of NXP Semiconductors by 1.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 31,771 shares of the semiconductor provider’s stock valued at $5,880,000 after purchasing an additional 551 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of NXP Semiconductors by 6.0% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,173 shares of the semiconductor provider’s stock valued at $2,690,000 after purchasing an additional 1,031 shares during the period. Graham Capital Management L.P. bought a new stake in shares of NXP Semiconductors during the 1st quarter valued at $3,302,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of NXP Semiconductors during the 1st quarter valued at $1,939,000. Finally, Personal CFO Solutions LLC raised its stake in shares of NXP Semiconductors by 11.8% during the 1st quarter. Personal CFO Solutions LLC now owns 2,021 shares of the semiconductor provider’s stock valued at $374,000 after purchasing an additional 213 shares during the period. 88.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Needham & Company LLC boosted their target price on NXP Semiconductors from $220.00 to $225.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 27th. Barclays reduced their target price on NXP Semiconductors from $220.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, June 21st. Wells Fargo & Company reduced their target price on NXP Semiconductors from $240.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, July 11th. Mizuho cut their price objective on NXP Semiconductors from $205.00 to $200.00 and set a “neutral” rating for the company in a report on Wednesday, July 27th. Finally, Cowen upped their price objective on NXP Semiconductors from $190.00 to $200.00 in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $202.05.

NXP Semiconductors Trading Down 2.9 %

NXPI traded down $4.43 during midday trading on Friday, reaching $150.70. 59,313 shares of the company’s stock traded hands, compared to its average volume of 1,890,370. The firm has a fifty day moving average of $172.17 and a two-hundred day moving average of $173.24. The stock has a market capitalization of $39.57 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 0.57 and a beta of 1.49. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.15 and a quick ratio of 1.65. NXP Semiconductors has a 52 week low of $140.33 and a 52 week high of $239.91.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last released its quarterly earnings results on Monday, July 25th. The semiconductor provider reported $4.40 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $1.35. The business had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.27 billion. NXP Semiconductors had a return on equity of 49.45% and a net margin of 19.83%. NXP Semiconductors’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 EPS. On average, equities analysts anticipate that NXP Semiconductors will post 12.72 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Wednesday, September 14th. NXP Semiconductors’s payout ratio is 36.90%.

NXP Semiconductors Profile

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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.

Further Reading

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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