Tulsa Wealth Advisors INC Invests $1.42 Million in NXP Semiconductors N.V. $NXPI

Tulsa Wealth Advisors INC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,043 shares of the semiconductor provider’s stock, valued at approximately $1,417,000.

Other large investors have also added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new stake in NXP Semiconductors during the 3rd quarter valued at $26,000. SHP Wealth Management bought a new position in NXP Semiconductors during the fourth quarter worth $27,000. Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors in the second quarter valued at $28,000. Acumen Wealth Advisors LLC acquired a new position in shares of NXP Semiconductors in the fourth quarter valued at $28,000. Finally, Jessup Wealth Management Inc bought a new position in shares of NXP Semiconductors in the fourth quarter valued at about $29,000. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of NXP Semiconductors in a report on Wednesday, July 29th. Stifel Nicolaus set a $282.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 target price on shares of NXP Semiconductors in a research report on Monday, July 27th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $305.43.

Insider Activity at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This trade represents a 10.06% 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 currently owned by company insiders.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $234.71 on Monday. 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 firm has a 50-day moving average of $273.07 and a 200-day moving average of $252.68. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The stock has a market cap of $59.18 billion, a PE ratio of 20.03, a PEG ratio of 0.80 and a beta of 1.82.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm earned $2.72 earnings per share. NXP Semiconductors’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, sell-side analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current 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 given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is presently 34.64%.

About NXP Semiconductors

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.