19,239 Shares in NXP Semiconductors N.V. $NXPI Purchased by Elevation Point Wealth Partners LLC

Key Points

• Elevation Point Wealth Partners purchased 19,239 NXP Semiconductors shares worth approximately $5.4 million, while institutional investors and hedge funds collectively own 90.54% of the company.
• NXP reported quarterly earnings of $3.61 per share and revenue of $3.50 billion, exceeding analyst expectations; revenue increased 19.5% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $305.43, compared with the stock’s reported price of $225.56.

Elevation Point Wealth Partners LLC purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,239 shares of the semiconductor provider's stock, valued at approximately $5,408,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in NXP Semiconductors by 20.6% during the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after buying an additional 218 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of NXP Semiconductors by 3.4% in the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider's stock valued at $1,334,000 after acquiring an additional 234 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of NXP Semiconductors by 31.7% in the second quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider's stock valued at $170,000 after acquiring an additional 187 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of NXP Semiconductors by 887.0% in the 2nd quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider's stock worth $8,010,000 after acquiring an additional 32,945 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of NXP Semiconductors in the 2nd quarter worth approximately $555,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $225.56 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The firm has a 50 day simple moving average of $265.95 and a 200 day simple moving average of $252.35. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm has a market cap of $56.88 billion, a P/E ratio of 19.25, a P/E/G ratio of 0.77 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion for 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%.The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.72 EPS. Sell-side analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio is 34.64%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised their price target on NXP Semiconductors from $335.00 to $338.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Stifel Nicolaus set a $282.00 price objective on NXP Semiconductors in a research note on Wednesday, July 29th. Cantor Fitzgerald restated an "overweight" rating and set a $400.00 target price on shares of NXP Semiconductors in a report on Monday, August 17th. Truist Financial raised their target price on NXP Semiconductors from $255.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Finally, KeyCorp lifted their price target on NXP Semiconductors from $300.00 to $345.00 and gave the company an "overweight" rating in a report on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $305.43.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction dated Monday, June 1st. The stock was 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. The trade was a 32.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company's stock.

NXP Semiconductors Company 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.

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