Cwm LLC Raises Stock Position in NXP Semiconductors N.V. $NXPI

Key Points

• Cwm LLC increased its holdings in NXP Semiconductors by 89.4% in Q2, owning 9,119 shares with a total value of $1,992,000, according to its latest SEC filing.
• NXP Semiconductors reported $2.72 earnings per share for Q2, surpassing analysts' expectations, but experienced a 6.4% decline in revenue year-over-year.
• The company recently declared a quarterly dividend of $1.014 per share, with an annualized payout of $4.06, resulting in a yield of 1.9%.

Cwm LLC increased its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 89.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,119 shares of the semiconductor provider's stock after purchasing an additional 4,305 shares during the period. Cwm LLC's holdings in NXP Semiconductors were worth $1,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Fox Run Management L.L.C. increased its holdings in NXP Semiconductors by 3.3% in the first quarter. Fox Run Management L.L.C. now owns 1,669 shares of the semiconductor provider's stock valued at $317,000 after buying an additional 54 shares in the last quarter. AlphaCore Capital LLC increased its holdings in NXP Semiconductors by 3.5% in the first quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider's stock valued at $312,000 after buying an additional 55 shares in the last quarter. TFB Advisors LLC increased its holdings in NXP Semiconductors by 4.9% in the first quarter. TFB Advisors LLC now owns 1,203 shares of the semiconductor provider's stock valued at $229,000 after buying an additional 56 shares in the last quarter. Manchester Capital Management LLC increased its holdings in NXP Semiconductors by 14.7% in the first quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider's stock valued at $85,000 after buying an additional 57 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in NXP Semiconductors by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock valued at $4,145,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Trading Down 1.4%

Shares of NXP Semiconductors stock opened at $214.35 on Monday. The firm has a market capitalization of $54.04 billion, a PE ratio of 25.55, a P/E/G ratio of 2.43 and a beta of 1.44. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $256.62. The firm's 50-day moving average price is $225.49 and its 200 day moving average price is $211.16. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. NXP Semiconductors's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.20 earnings per share. On average, sell-side analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Wednesday, September 17th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a yield of 1.9%. NXP Semiconductors's payout ratio is presently 48.39%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. KGI Securities raised shares of NXP Semiconductors to a "strong-buy" rating in a report on Wednesday, July 23rd. KeyCorp lifted their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. TD Cowen cut their price objective on shares of NXP Semiconductors from $270.00 to $260.00 and set a "buy" rating for the company in a report on Friday, October 10th. Wells Fargo & Company upped their price target on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $257.06.

Insider Buying and Selling

In related news, CFO William Betz sold 6,785 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the transaction, the chief financial officer directly owned 1,520 shares in the company, valued at approximately $345,556.80. The trade was a 81.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $216.21, for a total transaction of $216,210.00. Following the transaction, the executive vice president owned 6,828 shares in the company, valued at $1,476,281.88. The trade was a 12.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,785 shares of company stock worth $2,197,852. 0.12% of the stock is owned by insiders.

NXP Semiconductors Company Profile

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.

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