Transamerica Financial Advisors LLC Purchases New Holdings in NXP Semiconductors N.V. $NXPI

Transamerica Financial Advisors LLC acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,275 shares of the semiconductor provider’s stock, valued at approximately $640,000.

Other large investors also recently added to or reduced their stakes in the company. Allied Private Wealth LLC purchased a new position in shares of NXP Semiconductors during the second quarter valued at $28,000. Bell Investment Advisors Inc purchased a new stake in NXP Semiconductors in the 2nd quarter worth about $29,000. Fiduciary Financial Advisors acquired a new stake in NXP Semiconductors during the 2nd quarter worth about $28,000. JPL Wealth Management LLC acquired a new stake in NXP Semiconductors during the 3rd quarter worth about $26,000. Finally, Pingora Partners LLC purchased a new position in NXP Semiconductors during the 2nd quarter valued at about $35,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Bank of America reissued a “neutral” rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $290.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Loop Capital lifted their target price on shares of NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen cut shares of NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Trading Down 0.7%

Shares of NASDAQ NXPI opened at $223.15 on Thursday. The business has a 50 day simple moving average of $261.02 and a 200 day simple moving average of $252.51. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The stock has a market cap of $56.27 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 0.76 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04.

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

NXP Semiconductors Dividend Announcement

The firm also recently disclosed 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 of this dividend was Wednesday, June 24th. NXP Semiconductors’s payout ratio is presently 34.64%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction dated 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 sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This represents a 32.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

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.