Harbour Wealth Management Group Inc. Takes Position in NXP Semiconductors N.V. $NXPI

Harbour Wealth Management Group Inc. acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the fourth quarter, Holdings Channel reports. The firm acquired 2,737 shares of the semiconductor provider’s stock, valued at approximately $594,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC raised its stake in shares of NXP Semiconductors by 5.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,453 shares of the semiconductor provider’s stock worth $532,000 after buying an additional 127 shares in the last quarter. Corient Private Wealth LLC boosted its stake in NXP Semiconductors by 53.8% during the fourth quarter. Corient Private Wealth LLC now owns 48,715 shares of the semiconductor provider’s stock valued at $10,574,000 after buying an additional 17,039 shares in the last quarter. Blue Sparrow LLC DE bought a new position in NXP Semiconductors during the fourth quarter valued at about $10,853,000. Mercer Global Advisors Inc. ADV grew its holdings in NXP Semiconductors by 5.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 25,723 shares of the semiconductor provider’s stock worth $5,583,000 after acquiring an additional 1,367 shares during the period. Finally, Vident Advisory LLC raised its position in NXP Semiconductors by 28.3% in the fourth quarter. Vident Advisory LLC now owns 27,624 shares of the semiconductor provider’s stock worth $5,996,000 after acquiring an additional 6,086 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NXPI. Wall Street Zen upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Jefferies Financial Group lifted their price target 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. Needham & Company LLC upped their price target on NXP Semiconductors from $250.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Loop Capital increased their price objective on NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus lifted their target price on NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $295.92.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the sale, the executive vice president directly owned 5,389 shares of the company’s stock, valued at $1,261,187.67. The trade was a 45.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 12,611 shares of company stock valued at $3,182,068. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $313.27 on Friday. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm’s 50 day simple moving average is $279.65 and its 200-day simple moving average is $241.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The company has a market cap of $79.09 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 1.08 and a beta of 1.77.

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

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.3%. NXP Semiconductors’s dividend payout ratio is currently 38.85%.

NXP Semiconductors 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.