Callan Family Office LLC Purchases New Position in NXP Semiconductors N.V. $NXPI

Key Points

• Callan Family Office acquired 4,527 shares of NXP Semiconductors during the second quarter, valued at approximately $1.27 million. Institutional investors collectively own 90.54% of the company.
• NXP reported quarterly earnings of $3.61 per share and revenue of $3.50 billion, exceeding analyst estimates. Revenue increased 19.5% year over year, while analysts expect full-year earnings of $13.73 per share.
• The stock opened at $225.56, below its 50-day and 200-day moving averages, while analysts maintain a “Moderate Buy” consensus with an average price target of $305.43. NXP also pays an annualized dividend of $4.06, yielding about 1.8%.

Callan Family Office LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,527 shares of the semiconductor provider's stock, valued at approximately $1,272,000.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of NXP Semiconductors by 20.6% during the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock valued at $265,000 after buying an additional 218 shares during the last quarter. NewEdge Advisors LLC raised its position in NXP Semiconductors by 3.4% in the 1st quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider's stock worth $1,334,000 after buying an additional 234 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in NXP Semiconductors by 31.7% during the 2nd 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 period. Marshall Wace LLP grew its stake in shares of NXP Semiconductors by 887.0% in the second 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 during the period. Finally, Gamco Investors INC. ET AL bought a new stake in shares of NXP Semiconductors in the second quarter worth approximately $555,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $225.56 on Monday. The firm has a fifty day moving average price of $265.95 and a 200-day moving average price of $252.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The stock has a market cap of $56.88 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.82.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were given a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors's dividend payout ratio (DPR) is currently 34.64%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 completion of the transaction, the executive vice president directly owned 8,942 shares of the company's stock, valued at $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares in the company, valued at $1,153,118.79. This trade represents a 32.40% 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. 0.05% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays increased their price objective on shares of NXP Semiconductors from $295.00 to $340.00 and gave the company an "overweight" rating in a research report on Tuesday, May 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $400.00 target price on shares of NXP Semiconductors in a research note on Monday, August 17th. Morgan Stanley increased 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. Jefferies Financial Group raised their price target on NXP Semiconductors from $265.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Finally, Wolfe Research increased their price objective on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $305.43.

About NXP Semiconductors

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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