NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Claro Advisors LLC

Claro Advisors LLC grew its holdings in NXP Semiconductors (NASDAQ:NXPI) by 5.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,580 shares of the semiconductor provider’s stock after buying an additional 78 shares during the period. Claro Advisors LLC’s holdings in NXP Semiconductors were worth $391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of NXPI. Norges Bank acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in NXP Semiconductors during the fourth quarter worth about $164,044,000. Kodai Capital Management LP acquired a new stake in shares of NXP Semiconductors during the fourth quarter valued at about $125,319,000. Finally, International Assets Investment Management LLC increased its position in shares of NXP Semiconductors by 21,013.6% during the fourth quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock valued at $118,325,000 after acquiring an additional 512,732 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NXPI has been the subject of a number of recent analyst reports. TD Cowen lifted their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. Oppenheimer raised 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. Argus raised their price objective 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. Wells Fargo & Company raised their price objective 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. Finally, Mizuho upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $267.80.

NXP Semiconductors Stock Performance

NXPI traded down $3.42 during trading on Monday, hitting $265.67. The stock had a trading volume of 1,723,950 shares, compared to its average volume of 2,195,974. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. The firm has a market capitalization of $67.93 billion, a P/E ratio of 24.53, a PEG ratio of 2.51 and a beta of 1.49. The company’s 50-day moving average price is $264.90 and its 200 day moving average price is $243.38. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.07. The company had revenue of $3.13 billion for 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 research analysts forecast that NXP Semiconductors will post 12.47 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm 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. The ex-dividend date is Thursday, June 13th. This represents a $4.06 annualized dividend and a dividend yield of 1.53%. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

Insider Buying and Selling

In other NXP Semiconductors 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 approximately $49,052,891.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.