Harvest Investment Advisors LLC Makes New Investment in NXP Semiconductors N.V. $NXPI

Harvest Investment Advisors LLC purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,166 shares of the semiconductor provider’s stock, valued at approximately $1,784,000. NXP Semiconductors makes up 1.1% of Harvest Investment Advisors LLC’s investment portfolio, making the stock its 29th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brown Lisle Cummings Inc. grew its stake in shares of NXP Semiconductors by 121.7% during the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 84 shares during the last quarter. True Wealth Design LLC grew its position in NXP Semiconductors by 375.6% during the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after acquiring an additional 154 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in NXP Semiconductors in the 2nd quarter worth approximately $43,000. Hilltop National Bank purchased a new position in NXP Semiconductors in the 2nd quarter worth approximately $44,000. Finally, NewSquare Capital LLC lifted its position in NXP Semiconductors by 89.3% in the second quarter. NewSquare Capital LLC now owns 248 shares of the semiconductor provider’s stock valued at $54,000 after purchasing an additional 117 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $228.16 on Friday. The firm has a market cap of $57.42 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 3.44 and a beta of 1.46. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $255.45. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $210.79 and a 200-day moving average price of $217.49.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.01). The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The company’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.45 EPS. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, December 10th. NXP Semiconductors’s payout ratio is presently 50.25%.

Insider Buying and Selling

In related news, EVP Christopher L. Jensen sold 2,300 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total value of $524,791.00. Following the completion of the transaction, the executive vice president directly owned 9,965 shares in the company, valued at $2,273,714.05. The trade was a 18.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Julie Southern bought 225 shares of NXP Semiconductors stock in a transaction dated Wednesday, December 3rd. The shares were acquired at an average cost of $225.48 per share, with a total value of $50,733.00. Following the completion of the purchase, the insider owned 11,937 shares in the company, valued at approximately $2,691,554.76. This trade represents a 1.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 11,672 shares of company stock worth $2,474,089 over the last ninety days. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NXPI. TD Cowen reduced their price objective on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Arete Research raised their price objective on shares of NXP Semiconductors from $273.90 to $324.40 and gave the stock a “buy” rating in a report on Monday, December 8th. Evercore ISI upped their target price on NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Cantor Fitzgerald restated an “overweight” rating and issued a $280.00 target price on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. upped their price target on NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $260.04.

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.