Richardson Financial Services Inc. Makes New $548,000 Investment in NXP Semiconductors (NASDAQ:NXPI)

Richardson Financial Services Inc. acquired a new position in NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,388 shares of the semiconductor provider’s stock, valued at approximately $548,000.

Several other institutional investors also recently bought and sold shares of NXPI. Assenagon Asset Management S.A. grew its stake in NXP Semiconductors by 46.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock valued at $20,510,000 after buying an additional 28,518 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of NXP Semiconductors by 29.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock worth $28,846,000 after purchasing an additional 28,758 shares during the period. Stratos Wealth Partners LTD. lifted its position in shares of NXP Semiconductors by 27.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock worth $1,100,000 after purchasing an additional 1,019 shares during the last quarter. Principal Financial Group Inc. boosted its stake in NXP Semiconductors by 1.0% during the 4th quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider’s stock valued at $75,827,000 after purchasing an additional 3,262 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in NXP Semiconductors by 33.4% during the 4th quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock valued at $31,320,000 after purchasing an additional 34,131 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NXPI shares. Evercore ISI increased their price objective on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their target price on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Cantor Fitzgerald raised their price objective on NXP Semiconductors from $290.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Truist Financial lifted their price objective on NXP Semiconductors from $265.00 to $291.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Company upped their target price on NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $267.80.

NXP Semiconductors Price Performance

Shares of NXPI stock traded down $6.62 during trading hours on Friday, hitting $268.85. 1,680,348 shares of the company’s stock were exchanged, compared to its average volume of 1,528,429. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $286.87. The stock has a market cap of $68.74 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.57 and a beta of 1.50. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The stock’s 50-day moving average is $257.87 and its 200-day moving average is $239.10.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. As a group, research analysts forecast that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Insiders Place Their Bets

In related news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction dated 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 in the company, valued at $49,052,891.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.