Lockerman Financial Group Inc. Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Lockerman Financial Group Inc. bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,000 shares of the semiconductor provider’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new stake in NXP Semiconductors during the 1st quarter worth approximately $25,000. FinTrust Capital Advisors LLC raised its stake in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after acquiring an additional 49 shares during the period. Operose Advisors LLC purchased a new stake in NXP Semiconductors during the 3rd quarter valued at approximately $26,000. Valley National Advisers Inc. raised its position in shares of NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after buying an additional 68 shares during the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $35,000. Institutional investors own 90.54% of the company’s stock.

Insider Activity

In other news, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NXPI. Oppenheimer lifted their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Jefferies Financial Group began coverage on shares of NXP Semiconductors in a research report on Monday, May 13th. They set a “buy” rating and a $325.00 price objective on the stock. Evercore ISI lifted their price objective on shares of NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. UBS Group lifted their price objective on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, Argus lifted their price objective on shares of NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $267.80.

NXP Semiconductors Trading Up 2.9 %

NXPI stock traded up $7.81 during mid-day trading on Friday, reaching $272.82. 246,418 shares of the stock traded hands, compared to its average volume of 2,183,800. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. NXP Semiconductors has a one year low of $167.21 and a one year high of $286.87. The stock has a market capitalization of $69.75 billion, a PE ratio of 24.47, a PEG ratio of 2.51 and a beta of 1.50. The business has a 50-day moving average price of $262.91 and a two-hundred day moving average price of $242.57.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. Equities research analysts expect that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.