Kestra Private Wealth Services LLC Boosts Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Kestra Private Wealth Services LLC raised its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,239 shares of the semiconductor provider’s stock after buying an additional 568 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in NXP Semiconductors were worth $2,516,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $672,224,000. Voloridge Investment Management LLC raised its stake in shares of NXP Semiconductors by 131.4% during the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider’s stock valued at $213,154,000 after purchasing an additional 582,317 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of NXP Semiconductors by 26,732.0% during the first quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider’s stock valued at $110,969,000 after acquiring an additional 581,688 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of NXP Semiconductors by 14.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock valued at $849,336,000 after buying an additional 500,413 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of NXP Semiconductors by 36.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider’s stock worth $322,764,000 after purchasing an additional 414,932 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $289.00 price objective (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Stifel Nicolaus increased their price target on NXP Semiconductors from $170.00 to $210.00 and gave the company a “hold” rating in a report on Friday. The Goldman Sachs Group began coverage on NXP Semiconductors in a report on Thursday, July 10th. They issued a “buy” rating and a $276.00 target price on the stock. UBS Group raised their price target on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research note on Monday, April 21st. 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. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $253.74.

Insider Buying and Selling

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

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $228.27 on Tuesday. The stock has a market cap of $57.67 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 2.82 and a beta of 1.40. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The stock’s fifty day simple moving average is $213.64 and its two-hundred day simple moving average is $205.95. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $284.75.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.66 by $0.06. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the firm earned $3.20 earnings per share. The company’s revenue was down 6.4% compared to the same quarter last year. As a group, analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were given a $1.014 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.78%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 44.23%.

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.