J. Goldman & Co LP Makes New Investment in NXP Semiconductors N.V. $NXPI

J. Goldman & Co LP bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 24,511 shares of the semiconductor provider’s stock, valued at approximately $6,888,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors during the third quarter valued at approximately $26,000. SHP Wealth Management purchased a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $27,000. Allied Private Wealth LLC purchased a new position in shares of NXP Semiconductors in the 2nd quarter worth approximately $28,000. Fiduciary Financial Advisors bought a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $28,000. Finally, Acumen Wealth Advisors LLC bought a new stake in NXP Semiconductors in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NXPI. Wolfe Research boosted their price target on NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Needham & Company LLC restated a “buy” rating and set a $300.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. Citigroup reaffirmed a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Truist Financial upped their target price on NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, KeyCorp increased their price target on NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $305.43.

NXP Semiconductors Stock Up 1.0%

Shares of NASDAQ NXPI opened at $224.75 on Wednesday. The stock has a market cap of $56.67 billion, a PE ratio of 19.18, a P/E/G ratio of 0.76 and a beta of 1.81. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The company has a 50-day moving average of $262.52 and a 200 day moving average of $252.50.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. NXP Semiconductors’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $2.72 earnings per share. As a group, sell-side 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 was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio (DPR) is 34.64%.

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This represents a 10.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 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 approximately $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. 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 owned by insiders.

NXP Semiconductors 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.