First Affirmative Financial Network Takes $235,000 Position in NXP Semiconductors (NASDAQ:NXPI)

First Affirmative Financial Network acquired a new position in shares of NXP Semiconductors (NASDAQ:NXPI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,149 shares of the semiconductor provider’s stock, valued at approximately $235,000.

A number of other institutional investors also recently bought and sold shares of NXPI. Clarus Wealth Advisors acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $243,000. AE Wealth Management LLC increased its stake in NXP Semiconductors by 25.0% during the second quarter. AE Wealth Management LLC now owns 39,467 shares of the semiconductor provider’s stock worth $8,078,000 after acquiring an additional 7,882 shares during the last quarter. Nordea Investment Management AB raised its position in NXP Semiconductors by 55.3% in the second quarter. Nordea Investment Management AB now owns 463,115 shares of the semiconductor provider’s stock valued at $94,332,000 after purchasing an additional 164,870 shares during the period. Capital Market Strategies LLC purchased a new stake in NXP Semiconductors in the 2nd quarter valued at about $219,000. Finally, IMPACTfolio LLC raised its stake in shares of NXP Semiconductors by 10.0% in the 2nd quarter. IMPACTfolio LLC now owns 1,199 shares of the semiconductor provider’s stock valued at $245,000 after acquiring an additional 109 shares during the period. 90.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In related news, insider Julie Southern purchased 203 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average price of $218.07 per share, with a total value of $44,268.21. Following the completion of the acquisition, the insider now directly owns 10,540 shares in the company, valued at approximately $2,298,457.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO William Betz sold 3,514 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $224.38, for a total transaction of $788,471.32. Following the transaction, the chief financial officer now directly owns 1,518 shares in the company, valued at $340,608.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Julie Southern acquired 203 shares of NXP Semiconductors stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average price of $218.07 per share, with a total value of $44,268.21. Following the transaction, the insider now owns 10,540 shares of the company’s stock, valued at $2,298,457.80. The disclosure for this purchase can be found here. 0.13% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Down 2.6 %

NXPI opened at $197.38 on Friday. NXP Semiconductors has a one year low of $132.08 and a one year high of $225.57. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.31 and a current ratio of 1.82. The stock has a market capitalization of $50.88 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 0.98 and a beta of 1.57. The business’s 50-day simple moving average is $209.10 and its 200-day simple moving average is $189.94.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, July 24th. The semiconductor provider reported $3.04 EPS for the quarter, topping the consensus estimate of $2.90 by $0.14. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.20 billion. NXP Semiconductors had a return on equity of 42.95% and a net margin of 21.04%. Analysts anticipate that NXP Semiconductors will post 12.49 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Wednesday, September 13th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, September 12th. NXP Semiconductors’s payout ratio is currently 38.41%.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of NXP Semiconductors from $170.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 20th. Deutsche Bank Aktiengesellschaft increased their target price on NXP Semiconductors from $200.00 to $230.00 in a research note on Monday, July 17th. Stifel Nicolaus lifted their target price on NXP Semiconductors from $168.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 20th. Susquehanna raised their price objective on shares of NXP Semiconductors from $165.00 to $200.00 in a research note on Wednesday, July 26th. Finally, Argus upped their target price on shares of NXP Semiconductors from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $225.00.

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.