NXP Semiconductors N.V. $NXPI Shares Purchased by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in NXP Semiconductors by 0.5%, owning approximately 970,910 shares worth $212.13 million, making it the firm's 19th largest holding.
• NXP Semiconductors reported earnings of $2.72 EPS, surpassing estimates, with quarterly revenue of $2.93 billion, though this shows a 6.4% decline year-over-year.
• The company declared a quarterly dividend of $1.014 per share, representing a 1.9% yield and a payout ratio of 48.39% as of the last reporting period.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 0.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 970,910 shares of the semiconductor provider's stock after acquiring an additional 4,778 shares during the period. NXP Semiconductors makes up approximately 1.9% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings, making the stock its 19th largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.39% of NXP Semiconductors worth $212,134,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hemington Wealth Management lifted its position in NXP Semiconductors by 50.0% during the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock worth $33,000 after acquiring an additional 59 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in NXP Semiconductors by 121.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider's stock worth $33,000 after acquiring an additional 84 shares in the last quarter. Valley National Advisers Inc. lifted its position in NXP Semiconductors by 118.9% during the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after acquiring an additional 126 shares in the last quarter. Hilltop National Bank acquired a new position in NXP Semiconductors during the 2nd quarter worth approximately $44,000. Finally, Rossby Financial LCC acquired a new position in NXP Semiconductors during the 1st quarter worth approximately $46,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $217.16 on Thursday. The business's 50 day moving average is $225.56 and its two-hundred day moving average is $211.69. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $256.62. The firm has a market cap of $54.75 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 2.52 and a beta of 1.44. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99.

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

NXP Semiconductors Announces Dividend

The company 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. This represents a $4.06 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, September 17th. NXP Semiconductors's dividend payout ratio is currently 48.39%.

Wall Street Analyst Weigh In

Several research firms recently commented on NXPI. Barclays boosted their price target on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $205.00 to $240.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Susquehanna upped their target price on NXP Semiconductors from $195.00 to $210.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. KeyCorp upped their target price on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Truist Financial upped their target price on NXP Semiconductors from $230.00 to $252.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.06.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $216.21, for a total transaction of $216,210.00. Following the sale, the executive vice president directly owned 6,828 shares of the company's stock, valued at approximately $1,476,281.88. This represents a 12.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Rafael Sotomayor sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total value of $439,140.00. Following the sale, the president directly owned 4,958 shares in the company, valued at approximately $1,088,628.06. This represents a 28.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,785 shares of company stock valued at $2,197,852. Corporate insiders own 0.12% of the company's stock.

NXP Semiconductors 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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