Pure Financial Advisors LLC Invests $695,000 in NXP Semiconductors N.V. $NXPI

Pure Financial Advisors LLC acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,473 shares of the semiconductor provider’s stock, valued at approximately $695,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in 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 purchasing an additional 218 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of NXP Semiconductors by 3.4% in the first 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 period. EverSource Wealth Advisors LLC increased its position in shares of NXP Semiconductors by 31.7% in the second 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 boosted its position 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 buying an additional 32,945 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in NXP Semiconductors during the 2nd quarter worth about $555,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 0.7%

Shares of NXPI stock opened at $223.15 on Thursday. The company has a market cap of $56.27 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 0.76 and a beta of 1.81. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The business’s 50 day moving average is $261.02 and its two-hundred day moving average is $252.51.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.72 earnings per share. Equities analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NXPI shares. Loop Capital lifted their target price on NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. BNP Paribas Exane increased their target price on shares of NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $305.43.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’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 completion of the sale, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

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.