Absher Wealth Management LLC Buys 146 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Absher Wealth Management LLC grew its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,411 shares of the semiconductor provider’s stock after purchasing an additional 146 shares during the quarter. Absher Wealth Management LLC’s holdings in NXP Semiconductors were worth $648,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NXPI. Smithfield Trust Co bought a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $32,000. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $32,000. Ameriflex Group Inc. bought a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $44,000. Strategic Financial Concepts LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $46,000. Finally, GoalVest Advisory LLC increased its position in shares of NXP Semiconductors by 472.9% during the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider’s stock valued at $52,000 after acquiring an additional 227 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $209.00 on Friday. The stock has a market cap of $52.80 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.60 and a beta of 1.39. NXP Semiconductors N.V. 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 1.10, a quick ratio of 1.47 and a current ratio of 2.09. The stock has a fifty day moving average of $196.64 and a 200-day moving average of $204.63.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The firm’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.24 earnings per share. Equities research analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.94%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors’s payout ratio is 44.23%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Evercore ISI reaffirmed an “outperform” rating and set a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Needham & Company LLC decreased their price target on NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Stifel Nicolaus decreased their price target on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company increased their price target on NXP Semiconductors from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, June 16th. Finally, TD Cowen increased their price target on NXP Semiconductors from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $244.78.

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.