Isthmus Partners LLC Takes Position in NXP Semiconductors (NASDAQ:NXPI)

Isthmus Partners LLC purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 205 shares of the semiconductor provider’s stock, valued at approximately $55,000.

Other hedge funds also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of NXP Semiconductors during the first quarter worth $25,000. FinTrust Capital Advisors LLC grew its holdings in NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Family Firm Inc. acquired a new position in NXP Semiconductors during the 2nd quarter valued at $27,000. Addison Advisors LLC increased its holdings 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 buying an additional 74 shares during the period. Finally, LifeSteps Financial Inc. acquired a new stake in shares of NXP Semiconductors in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded down $10.00 during trading hours on Friday, reaching $226.70. The stock had a trading volume of 3,035,625 shares, compared to its average volume of 2,259,061. The stock has a fifty day moving average of $256.79 and a 200 day moving average of $255.22. The stock has a market cap of $57.96 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 2.77 and a beta of 1.49. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21.

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

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.79%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Insider Buying and Selling at NXP Semiconductors

In related news, CEO Kurt Sievers sold 8,548 shares of the 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 owns 177,889 shares in the company, valued at approximately $49,052,891.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the sale, the chief executive officer now 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. Also, insider Julie Southern acquired 146 shares of the stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several recent research reports. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Cantor Fitzgerald restated an “overweight” rating and issued a $350.00 price target on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. Truist Financial dropped their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus upped their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Finally, Citigroup increased their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $294.89.

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.