Sanctuary Advisors LLC Acquires Shares of 17,789 NXP Semiconductors N.V. $NXPI

Sanctuary Advisors LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, Holdings Channel.com reports. The fund bought 17,789 shares of the semiconductor provider’s stock, valued at approximately $4,999,000.

A number of other large investors have also recently made changes to their positions in NXPI. JPL Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the third quarter worth about $26,000. SHP Wealth Management acquired a new position in NXP Semiconductors in the 4th quarter valued at about $27,000. Allied Private Wealth LLC purchased a new stake in NXP Semiconductors during the 2nd quarter valued at approximately $28,000. Acumen Wealth Advisors LLC purchased a new stake in NXP Semiconductors during the 4th quarter valued at approximately $28,000. Finally, Bell Investment Advisors Inc acquired a new stake in NXP Semiconductors during the 2nd quarter worth approximately $29,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NXPI. TD Cowen decreased their price target on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Wall Street Zen cut shares of NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Truist Financial upped their price objective on shares of NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Loop Capital raised their target price on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, KeyCorp lifted their target price on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $305.43.

Insider Transactions at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 1,746 shares of the company’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 transaction, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This represents a 32.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This trade represents a 10.06% 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. 0.05% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Down 1.4%

NXPI opened at $222.44 on Tuesday. 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 $56.09 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 0.77 and a beta of 1.81. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The business’s fifty day moving average is $264.08 and its two-hundred day moving average is $252.52.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The business 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%. The company’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $2.72 EPS. Analysts anticipate that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio is 34.56%.

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.