Waverly Advisors LLC Takes $1.17 Million Position in NXP Semiconductors (NASDAQ:NXPI)

Waverly Advisors LLC acquired a new position in shares of NXP Semiconductors (NASDAQ:NXPI) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 5,621 shares of the semiconductor provider’s stock, valued at approximately $1,168,000.

Other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC boosted its position in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the period. Smithfield Trust Co purchased a new stake in NXP Semiconductors during the fourth quarter valued at about $32,000. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors during the fourth quarter valued at about $32,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors in the fourth quarter worth about $46,000. Finally, Asset Dedication LLC increased its position in shares of NXP Semiconductors by 126.6% in the fourth quarter. Asset Dedication LLC now owns 358 shares of the semiconductor provider’s stock worth $74,000 after acquiring an additional 200 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NXPI has been the subject of several research analyst reports. UBS Group reduced their price target on shares of NXP Semiconductors from $265.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Needham & Company LLC reduced their target price on NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.22.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $192.15 on Friday. The stock has a market capitalization of $48.54 billion, a P/E ratio of 19.75, a P/E/G ratio of 3.01 and a beta of 1.38. The business has a 50-day moving average of $188.29 and a two-hundred day moving average of $207.56. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the business earned $3.24 EPS. The firm’s revenue was down 9.3% compared to the same quarter last year. On average, equities research analysts predict that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is 44.12%.

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.12% of the stock is owned by corporate insiders.

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.