Lockerman Financial Group Inc. Acquires 100 Shares of NXP Semiconductors (NASDAQ:NXPI)

Lockerman Financial Group Inc. grew its stake in NXP Semiconductors (NASDAQ:NXPI) by 9.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,200 shares of the semiconductor provider’s stock after acquiring an additional 100 shares during the period. Lockerman Financial Group Inc.’s holdings in NXP Semiconductors were worth $288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in NXP Semiconductors by 17.3% in the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after purchasing an additional 1,909,898 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of NXP Semiconductors by 4,525.6% in the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after buying an additional 349,061 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in NXP Semiconductors by 974.4% during the first quarter. Westfield Capital Management Co. LP now owns 374,539 shares of the semiconductor provider’s stock worth $92,799,000 after buying an additional 339,678 shares during the last quarter. Assenagon Asset Management S.A. raised its position in NXP Semiconductors by 1,882.8% during the second quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider’s stock worth $92,438,000 after acquiring an additional 326,197 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in NXP Semiconductors by 24.6% during the first quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock worth $407,506,000 after acquiring an additional 325,187 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI traded down $10.59 during midday trading on Tuesday, hitting $232.85. The company’s stock had a trading volume of 3,602,091 shares, compared to its average volume of 2,271,629. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08. The stock has a market capitalization of $59.54 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 2.58 and a beta of 1.49. The company’s fifty day simple moving average is $240.00 and its two-hundred day simple moving average is $253.34.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.04 earnings per share. As a group, equities analysts expect that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.40%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Needham & Company LLC boosted their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Morgan Stanley dropped their price objective on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. UBS Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $275.00 to $285.00 in a report on Monday, October 7th. The Goldman Sachs Group cut their price target on NXP Semiconductors from $285.00 to $277.00 in a report on Friday. Finally, Citic Securities began coverage on shares of NXP Semiconductors in a report on Friday. They issued a $288.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $291.40.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors 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 value 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were 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 owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Julie Southern acquired 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, for a total transaction 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 trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

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.