Clearstead Trust LLC Buys Shares of 6,000 NXP Semiconductors N.V. $NXPI

Key Points

• Clearstead Trust LLC acquired 6,000 NXP Semiconductors shares during the second quarter, worth approximately $1.69 million. Institutional investors collectively own 90.54% of the company.
• Wall Street sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $305.43; 16 analysts rate the stock a Buy, nine Hold, and one Sell.
• NXP exceeded quarterly expectations, reporting $3.61 in adjusted earnings per share and $3.50 billion in revenue, up 19.5% year over year. The company also pays a quarterly dividend of $1.014, implying a 1.7% annual yield.

Clearstead Trust LLC acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,000 shares of the semiconductor provider's stock, valued at approximately $1,686,000.

A number of other large investors also recently bought and sold shares of NXPI. Brighton Jones LLC lifted 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 grew its position in shares of 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 raised its stake in shares of NXP Semiconductors by 31.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider's stock worth $170,000 after acquiring an additional 187 shares in the last quarter. Marshall Wace LLP raised its stake in shares of NXP Semiconductors by 887.0% during 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 purchased a new stake in NXP Semiconductors during the second quarter valued at approximately $555,000. Institutional investors own 90.54% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NXPI. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 target price on shares of NXP Semiconductors in a research note on Monday, July 27th. Stifel Nicolaus set a $282.00 price objective on NXP Semiconductors in a report on Wednesday, July 29th. Oppenheimer raised their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Truist Financial boosted their target price on NXP Semiconductors from $255.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Finally, Loop Capital upped their target price on NXP Semiconductors from $275.00 to $290.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Sixteen 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's stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of "Moderate Buy" and a consensus target price of $305.43.

NXP Semiconductors Trading Up 1.2%

NASDAQ NXPI opened at $234.71 on Friday. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The company has a fifty day simple moving average of $273.07 and a two-hundred day simple moving average of $252.52. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a market cap of $59.18 billion, a P/E ratio of 20.03, a P/E/G ratio of 0.80 and a beta of 1.81.

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

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. NXP Semiconductors's dividend payout ratio is currently 34.64%.

Insider Activity

In related news, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the transaction, the executive vice president owned 3,643 shares in the company, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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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