Occidental Asset Management LLC Acquires 417 Shares of NXP Semiconductors (NASDAQ:NXPI)

Occidental Asset Management LLC lifted its stake in NXP Semiconductors (NASDAQ:NXPI) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,396 shares of the semiconductor provider’s stock after acquiring an additional 417 shares during the quarter. Occidental Asset Management LLC’s holdings in NXP Semiconductors were worth $1,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NXPI. Future Financial Wealth Managment LLC acquired a new stake in NXP Semiconductors in the first quarter valued at $25,000. Family Firm Inc. acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $27,000. Addison Advisors LLC raised its stake in NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 74 shares during the period. Valley National Advisers Inc. lifted its holdings in NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. Finally, Rise Advisors LLC bought a new position in NXP Semiconductors during the first quarter worth $35,000. Institutional investors own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In other news, insider Julie Southern purchased 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Julie Southern bought 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the purchase, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their target price for the stock from $275.00 to $285.00 in a research note on Monday, October 7th. Citigroup increased their price target on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a report on Monday, July 15th. Oppenheimer boosted their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. The Goldman Sachs Group lowered their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a research report on Friday. Finally, Needham & Company LLC boosted their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $291.40.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $243.44 on Tuesday. The stock has a 50-day moving average price of $240.00 and a two-hundred day moving average price of $253.34. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08. The company has a market capitalization of $62.24 billion, a PE ratio of 22.48, a P/E/G ratio of 2.58 and a beta of 1.49. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business earned $3.04 EPS. Analysts expect that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

About NXP Semiconductors

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.