Versant Capital Management Inc Invests $51,000 in NXP Semiconductors (NASDAQ:NXPI)

Versant Capital Management Inc bought a new stake in NXP Semiconductors (NASDAQ:NXPI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 189 shares of the semiconductor provider’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. Future Financial Wealth Managment LLC bought a new stake in shares of NXP Semiconductors in the 1st quarter worth about $25,000. FinTrust Capital Advisors LLC increased its holdings in NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. LifeSteps Financial Inc. acquired a new stake in NXP Semiconductors during the first quarter valued at approximately $30,000. Valley National Advisers Inc. lifted its holdings in NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after buying an additional 68 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was 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 owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NXPI. Wells Fargo & Company raised their target price on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Mizuho raised NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $265.00 to $325.00 in a research report on Friday, May 24th. JPMorgan Chase & Co. upped their price target on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Argus boosted their target price on shares of NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Stock Up 0.6 %

NASDAQ:NXPI traded up $1.35 on Tuesday, hitting $236.76. 1,854,424 shares of the company’s stock traded hands, compared to its average volume of 2,266,646. 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 1 year low of $167.21 and a 1 year high of $296.08. The firm has a 50-day moving average price of $269.13 and a 200-day moving average price of $251.85. The company has a market cap of $60.54 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.38. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.04 EPS. Equities analysts anticipate that NXP Semiconductors will post 12 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Thursday, June 13th were issued a $1.014 dividend. The ex-dividend date was Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.71%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.40%.

About NXP Semiconductors

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.