Sigma Planning Corp Acquires Shares of 2,281 NXP Semiconductors N.V. $NXPI

Sigma Planning Corp acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,281 shares of the semiconductor provider’s stock, valued at approximately $641,000.

A number of other institutional investors also recently modified their holdings of the business. JPL Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the third quarter valued at about $26,000. SHP Wealth Management acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $27,000. Allied Private Wealth LLC acquired a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $28,000. Fiduciary Financial Advisors bought a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $28,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in NXP Semiconductors during the fourth quarter worth approximately $28,000. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NXPI. Wells Fargo & Company dropped their price objective on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. UBS Group restated a “neutral” rating and issued a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Wall Street Zen downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Saturday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price objective on shares of NXP Semiconductors in a research report on Monday, August 17th. Finally, Oppenheimer increased their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $305.43.

Insider Buying and Selling

In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The transaction 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. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Down 1.0%

Shares of NXPI stock opened at $222.40 on Wednesday. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The stock’s fifty day moving average price is $253.96 and its two-hundred day moving average price is $252.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The company has a market cap of $56.08 billion, a PE ratio of 18.98, a P/E/G ratio of 0.76 and a beta of 1.81.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s payout ratio is presently 34.64%.

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.