Birchcreek Wealth Management LLC Makes New $201,000 Investment in NXP Semiconductors (NASDAQ:NXPI)

Birchcreek Wealth Management LLC purchased a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 745 shares of the semiconductor provider’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new stake in NXP Semiconductors during the first quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in shares of NXP Semiconductors in the 2nd quarter worth $27,000. FinTrust Capital Advisors LLC raised its holdings in NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares during the period. LifeSteps Financial Inc. bought a new stake in NXP Semiconductors during the first quarter valued at about $30,000. Finally, Valley National Advisers Inc. increased its position in NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 1.2 %

Shares of NASDAQ:NXPI opened at $238.86 on Thursday. The company has a 50-day moving average price of $258.20 and a 200 day moving average price of $255.39. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08. The company has a market cap of $61.07 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.77 and a beta of 1.49.

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. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.04 earnings per share. As a group, equities research analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 37.40%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NXPI shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 target price on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Stifel Nicolaus raised their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Needham & Company LLC boosted their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Barclays increased their target price on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $294.89.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 transaction, the chief executive officer now directly owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The disclosure for this purchase can be found here. Company 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.