NXP Semiconductors N.V. $NXPI Shares Purchased by Allworth Financial LP

Allworth Financial LP boosted its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 301.1% during the 4th quarter, HoldingsChannel reports. The firm owned 16,833 shares of the semiconductor provider’s stock after purchasing an additional 12,636 shares during the period. Allworth Financial LP’s holdings in NXP Semiconductors were worth $3,654,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors during the third quarter worth about $26,000. CNB Bank purchased a new stake in NXP Semiconductors during the third quarter worth about $28,000. Wexford Capital LP purchased a new stake in NXP Semiconductors during the third quarter worth about $31,000. Kelleher Financial Advisors purchased a new stake in NXP Semiconductors during the third quarter worth about $31,000. Finally, Community Bank N.A. purchased a new stake in NXP Semiconductors during the third quarter worth about $37,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. TD Cowen boosted their price objective on shares of NXP Semiconductors from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings raised shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Wolfe Research lifted their target price on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group lifted their target price on shares of NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.25.

NXP Semiconductors Price Performance

NXPI opened at $291.50 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $306.62. The company has a 50 day moving average of $224.91 and a two-hundred day moving average of $223.12. The company has a market cap of $73.60 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.05 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.07. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.64 earnings per share. On average, analysts expect that NXP Semiconductors N.V. will post 13.38 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is 38.85%.

Insiders Place Their Bets

In other news, EVP Christopher L. Jensen sold 4,576 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the transaction, the executive vice president owned 5,389 shares in the company, valued at approximately $1,261,187.67. This trade represents a 45.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the transaction, the executive vice president owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This trade represents a 9.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 10,865 shares of company stock valued at $2,508,416. Company insiders own 0.12% of the company’s stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.