Ferguson Wellman Capital Management Inc. Invests $447,000 in NXP Semiconductors N.V. $NXPI

Ferguson Wellman Capital Management Inc. bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,271 shares of the semiconductor provider’s stock, valued at approximately $447,000.

A number of other institutional investors have also added to or reduced their stakes in NXPI. MCF Advisors LLC boosted its holdings in shares of NXP Semiconductors by 25.3% in the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after purchasing an additional 43 shares in the last quarter. Aptus Capital Advisors LLC increased its position in shares of NXP Semiconductors by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock valued at $752,000 after purchasing an additional 43 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of NXP Semiconductors by 0.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock valued at $1,829,000 after buying an additional 50 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of NXP Semiconductors by 4.6% during the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after buying an additional 52 shares in the last quarter. Finally, Equitable Holdings Inc. lifted its position in NXP Semiconductors by 1.4% in the 4th quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock worth $828,000 after buying an additional 54 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 4.7%

Shares of NXPI stock opened at $278.39 on Tuesday. The business has a 50-day moving average of $299.87 and a 200 day moving average of $249.23. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The stock has a market capitalization of $70.29 billion, a PE ratio of 26.64, a P/E/G ratio of 1.05 and a beta of 1.79.

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

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.5%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

Analyst Ratings Changes

Several brokerages have issued reports on NXPI. Truist Financial upped their target price on NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Barclays boosted their price objective on shares of NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Mizuho upped their price objective on shares of NXP Semiconductors from $188.00 to $200.00 and gave the company an “underperform” rating in a research note on Wednesday, April 29th. Finally, Needham & Company LLC upped their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $307.27.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the sale, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. This trade represents a 72.36% decrease in their position. The sale was disclosed in a legal 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 4,576 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction 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 approximately $1,261,187.67. This trade represents a 45.92% 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. Insiders have sold a total of 12,611 shares of company stock valued at $3,182,068 over the last three months. 0.05% of the stock is owned by company 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.