Ferguson Wellman Capital Management Inc. Purchases Shares of 2,271 NXP Semiconductors N.V. $NXPI

Ferguson Wellman Capital Management Inc. acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 1st quarter, HoldingsChannel reports. The firm acquired 2,271 shares of the semiconductor provider’s stock, valued at approximately $447,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. JPL Wealth Management LLC bought a new stake in NXP Semiconductors in the third quarter valued at $26,000. SHP Wealth Management purchased a new position in NXP Semiconductors during the 4th quarter valued at $27,000. Acumen Wealth Advisors LLC bought a new position in NXP Semiconductors in the 4th quarter worth $28,000. Jessup Wealth Management Inc bought a new position in NXP Semiconductors in the 4th quarter worth $29,000. Finally, Wexford Capital LP purchased a new stake in shares of NXP Semiconductors in the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NXPI. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Bank of America increased their price target on shares of NXP Semiconductors from $275.00 to $310.00 and gave the stock a “neutral” rating in a research note on Monday. Wolfe Research raised their price objective on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Oppenheimer lifted their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Barclays upped their target price on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $307.27.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of NXP Semiconductors stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the transaction, the executive vice president owned 2,020 shares in the company, valued at approximately $474,700. The trade was a 72.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the completion of the sale, the executive vice president directly owned 5,389 shares in the company, valued at $1,261,187.67. This trade represents a 45.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,611 shares of company stock valued at $3,182,068 in the last 90 days. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI opened at $278.39 on Tuesday. The stock has a market cap of $70.29 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 1.05 and a beta of 1.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm’s 50-day simple moving average is $299.87 and its two-hundred day simple moving average is $249.23.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the firm earned $2.64 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts anticipate that NXP Semiconductors N.V. will post 13.4 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is 38.85%.

NXP Semiconductors Company Profile

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.