Magnolia Capital Advisors LLC Invests $1.05 Million in NXP Semiconductors N.V. $NXPI

Magnolia Capital Advisors LLC purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,752 shares of the semiconductor provider’s stock, valued at approximately $1,055,000.

Several other hedge funds have also recently modified their holdings of NXPI. JPL Wealth Management LLC acquired a new position in NXP Semiconductors in the 3rd quarter valued at $26,000. SHP Wealth Management acquired a new stake in shares of NXP Semiconductors in the 4th quarter worth $27,000. Allied Private Wealth LLC purchased a new stake in shares of NXP Semiconductors in the second quarter valued at about $28,000. Fiduciary Financial Advisors purchased a new stake in shares of NXP Semiconductors in the second quarter valued at about $28,000. Finally, Acumen Wealth Advisors LLC acquired a new position in shares of NXP Semiconductors during the fourth quarter worth about $28,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 0.7%

Shares of NXPI stock opened at $223.15 on Thursday. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The stock has a market cap of $56.27 billion, a P/E ratio of 19.04, a P/E/G ratio of 0.76 and a beta of 1.81. The business has a fifty day simple moving average of $261.02 and a 200-day simple moving average of $252.51. 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 (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping the consensus estimate of $3.52 by $0.09. The business 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 business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.72 EPS. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued 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 dividend payout ratio is 34.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NXPI shares. Susquehanna raised their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Stifel Nicolaus set a $282.00 target price on NXP Semiconductors in a research note on Wednesday, July 29th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of NXP Semiconductors in a report on Wednesday, July 29th. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Finally, Morgan Stanley upped their price objective on NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $305.43.

Insider Activity

In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares in the company, valued at $1,153,118.79. This represents a 32.40% 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. 0.05% of the stock is owned by corporate 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.