Brophy Wealth Management LLC Purchases New Position in NXP Semiconductors (NASDAQ:NXPI)

Brophy Wealth Management LLC purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,313 shares of the semiconductor provider’s stock, valued at approximately $555,000.

Other institutional investors have also bought and sold shares of the company. Family Firm Inc. bought a new position in NXP Semiconductors in the 2nd quarter valued at $27,000. Addison Advisors LLC raised its position 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 purchasing an additional 74 shares during the last quarter. Valley National Advisers Inc. raised its position in NXP Semiconductors by 71.2% in 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. FSA Wealth Management LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at $33,000. Finally, Valley Wealth Managers Inc. bought a new position in NXP Semiconductors in the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.5 %

NASDAQ:NXPI opened at $217.94 on Wednesday. NXP Semiconductors has a 1 year low of $201.58 and a 1 year high of $296.08. The stock has a 50-day moving average price of $231.50 and a two-hundred day moving average price of $248.07. The stock has a market cap of $55.39 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 4.41 and a beta of 1.46. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the company earned $3.31 earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.86%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

Analysts Set New Price Targets

Several brokerages have issued reports on NXPI. Mizuho set a $290.00 price objective on NXP Semiconductors in a research report on Friday, October 18th. Truist Financial dropped their target price on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. TD Cowen dropped their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Morgan Stanley dropped their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company began coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $274.14.

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.