Crewe Advisors LLC Takes Position in NXP Semiconductors (NASDAQ:NXPI)

Crewe Advisors LLC bought a new stake in NXP Semiconductors (NASDAQ:NXPI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 913 shares of the semiconductor provider’s stock, valued at approximately $226,000.

Several other hedge funds have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new stake in NXP Semiconductors in the first quarter worth about $25,000. FinTrust Capital Advisors LLC increased its position in NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares during the period. LifeSteps Financial Inc. acquired a new stake in NXP Semiconductors in the first quarter worth about $30,000. Valley National Advisers Inc. increased its position in NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new stake in NXP Semiconductors in the fourth quarter worth about $33,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.7 %

NASDAQ NXPI traded down $6.89 during trading on Thursday, hitting $247.51. The stock had a trading volume of 4,240,452 shares, compared to its average volume of 2,226,052. The company has a market capitalization of $63.28 billion, a PE ratio of 22.85, a P/E/G ratio of 2.45 and a beta of 1.49. The company’s 50-day moving average price is $272.75 and its two-hundred day moving average price is $249.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a return on equity of 36.13% and a net margin of 21.21%. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the business posted $3.04 EPS. The business’s revenue was down 5.2% compared to the same quarter last year. As a group, sell-side analysts forecast that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Analyst Ratings Changes

A number of brokerages recently commented on NXPI. Argus lifted their price objective on NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC boosted their target price on NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $265.00 to $325.00 in a research report on Friday, May 24th. Evercore ISI boosted their target price on NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Citigroup boosted their target price on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $283.46.

Insider Transactions at NXP Semiconductors

In related news, CEO Kurt Sievers sold 8,548 shares of the business’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 transaction of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

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.