Buffington Mohr McNeal Buys 60 Shares of NXP Semiconductors (NASDAQ:NXPI)

Buffington Mohr McNeal increased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,207 shares of the semiconductor provider’s stock after purchasing an additional 60 shares during the quarter. Buffington Mohr McNeal’s holdings in NXP Semiconductors were worth $2,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of NXPI. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in shares of NXP Semiconductors by 12.0% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 190,241 shares of the semiconductor provider’s stock worth $47,136,000 after buying an additional 20,397 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of NXP Semiconductors by 74.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 219,154 shares of the semiconductor provider’s stock worth $54,300,000 after purchasing an additional 93,560 shares during the last quarter. Colton Groome Financial Advisors LLC increased its stake in NXP Semiconductors by 4.0% in the 1st quarter. Colton Groome Financial Advisors LLC now owns 4,694 shares of the semiconductor provider’s stock worth $1,163,000 after buying an additional 180 shares during the period. Congress Wealth Management LLC DE grew its holdings in NXP Semiconductors by 4.1% during the 1st quarter. Congress Wealth Management LLC DE now owns 69,562 shares of the semiconductor provider’s stock worth $17,236,000 after acquiring an additional 2,754 shares in the last quarter. Finally, Claro Advisors LLC grew its holdings in NXP Semiconductors by 5.2% during the 1st quarter. Claro Advisors LLC now owns 1,580 shares of the semiconductor provider’s stock worth $391,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 2.4 %

NXPI stock traded up $6.37 during midday trading on Tuesday, hitting $272.04. 1,375,290 shares of the company’s stock were exchanged, compared to its average volume of 2,189,462. The stock’s fifty day moving average price is $265.84 and its 200-day moving average price is $243.61. 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 company has a market cap of $69.56 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 2.51 and a beta of 1.49. NXP Semiconductors has a one year low of $167.21 and a one year high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. Research analysts predict that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Insider Activity

In related news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the sale, the chief executive officer now owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on NXPI. Needham & Company LLC lifted their target price on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Evercore ISI lifted their target price on shares of NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. TD Cowen boosted their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, March 12th. Oppenheimer boosted their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. upped their price target on NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. One equities 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’s stock. According to data from MarketBeat.com, the stock currently 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.