Whittier Trust Co. of Nevada Inc. Purchases 67 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Whittier Trust Co. of Nevada Inc. increased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,005 shares of the semiconductor provider’s stock after acquiring an additional 67 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in NXP Semiconductors were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Runnymede Capital Advisors Inc. bought a new stake in NXP Semiconductors during the 4th quarter worth approximately $32,000. Ameriflex Group Inc. bought a new stake in NXP Semiconductors during the 4th quarter worth approximately $44,000. Valley National Advisers Inc. increased its holdings in NXP Semiconductors by 118.9% during the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock worth $43,000 after acquiring an additional 126 shares during the period. Rossby Financial LCC bought a new stake in NXP Semiconductors during the 1st quarter worth approximately $46,000. Finally, GoalVest Advisory LLC increased its holdings in NXP Semiconductors by 472.9% during the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider’s stock worth $52,000 after acquiring an additional 227 shares during the period. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. The Goldman Sachs Group began coverage on shares of NXP Semiconductors in a research note on Thursday, July 10th. They issued a “buy” rating and a $276.00 price target for the company. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a research note on Monday, April 21st. Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Finally, Citigroup boosted their price target on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $251.63.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $220.58 on Thursday. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $296.08. The stock has a market capitalization of $55.73 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. The company has a fifty day moving average of $212.25 and a 200-day moving average of $205.73. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 19.16% and a return on equity of 29.62%. The firm’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.24 EPS. Equities research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.84%. NXP Semiconductors’s payout ratio is currently 44.23%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the sale, the executive vice president owned 27,088 shares of the company’s stock, valued at $6,230,240. This represents a 25.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is owned by insiders.

About NXP Semiconductors

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.