Lockerman Financial Group Inc. Invests $248,000 in NXP Semiconductors (NASDAQ:NXPI)

Lockerman Financial Group Inc. purchased a new position in shares of NXP Semiconductors (NASDAQ:NXPI) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,000 shares of the semiconductor provider’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in NXP Semiconductors in the 1st quarter valued at approximately $25,000. FinTrust Capital Advisors LLC lifted its stake in NXP Semiconductors by 75.4% in the 4th 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. Operose Advisors LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at approximately $26,000. Valley National Advisers Inc. lifted its stake in NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares during the last quarter. Finally, Rise Advisors LLC bought a new position in NXP Semiconductors in the 1st quarter valued at approximately $35,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 2.9 %

NASDAQ:NXPI traded up $7.81 during trading hours on Friday, reaching $272.82. The company had a trading volume of 246,418 shares, compared to its average volume of 2,183,800. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The firm has a market cap of $69.75 billion, a price-to-earnings ratio of 24.47, a P/E/G ratio of 2.51 and a beta of 1.50. The business’s 50-day simple moving average is $262.91 and its two-hundred day simple moving average is $242.57. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. On average, equities analysts expect that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Insider Activity

In other news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction dated 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 transaction, the chief executive officer now directly owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Oppenheimer increased their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company raised their price target on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. The Goldman Sachs Group raised their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Cantor Fitzgerald raised their price target on shares of NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Finally, Jefferies Financial Group initiated coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They set a “buy” rating and a $325.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $267.80.

NXP Semiconductors 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.