Canandaigua National Bank & Trust Co. Makes New Investment in NXP Semiconductors N.V. $NXPI

Canandaigua National Bank & Trust Co. acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,398 shares of the semiconductor provider’s stock, valued at approximately $955,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arlington Trust Co LLC raised its position in shares of NXP Semiconductors by 8,566.7% during the second quarter. Arlington Trust Co LLC now owns 260 shares of the semiconductor provider’s stock worth $73,000 after acquiring an additional 257 shares during the last quarter. CoreCap Advisors LLC increased its position in NXP Semiconductors by 32.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,598 shares of the semiconductor provider’s stock valued at $449,000 after purchasing an additional 392 shares during the period. Pacific Excel Wealth Advisors Inc. acquired a new stake in NXP Semiconductors during the 2nd quarter valued at approximately $289,000. Marathon Mission Inc. bought a new position in NXP Semiconductors during the 2nd quarter worth approximately $216,000. Finally, Ballast Advisors LLC raised its holdings in NXP Semiconductors by 0.7% during the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock worth $1,787,000 after purchasing an additional 61 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 2.7%

NASDAQ:NXPI opened at $231.15 on Thursday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $58.29 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 0.81 and a beta of 1.81. The firm has a fifty day simple moving average of $284.77 and a two-hundred day simple moving average of $252.66.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.72 earnings per share. Analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is 34.64%.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the 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 directly owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction on 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 directly owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Jefferies Financial Group boosted their target price on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Oppenheimer increased their price target on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Barclays lifted their price objective on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Finally, Evercore upped their target price on NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Sixteen investment 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. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $305.43.

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.