Townsquare Capital LLC Boosts Stock Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Townsquare Capital LLC grew its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,142 shares of the semiconductor provider’s stock after purchasing an additional 74 shares during the quarter. Townsquare Capital LLC’s holdings in NXP Semiconductors were worth $597,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Hemington Wealth Management raised its position in shares of NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 59 shares during the period. Valley National Advisers Inc. grew 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 valued at $43,000 after purchasing an additional 126 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth about $44,000. Rossby Financial LCC purchased a new stake in NXP Semiconductors during the 1st quarter worth approximately $46,000. Finally, GoalVest Advisory LLC boosted its stake in NXP Semiconductors by 472.9% during the 1st 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. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 27,088 shares of the company’s stock, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the transaction, the chief financial officer owned 1,520 shares of the company’s stock, valued at $345,556.80. This trade represents a 81.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,917 shares of company stock worth $4,082,002 in the last ninety days. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on NXP Semiconductors from $205.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Evercore ISI reiterated an “outperform” rating and set a $289.00 price target (up previously from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Wells Fargo & Company increased their price objective on shares of NXP Semiconductors from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Truist Financial lifted their target price on NXP Semiconductors from $230.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, UBS Group increased their price objective on NXP Semiconductors from $250.00 to $276.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $256.05.

NXP Semiconductors Stock Down 1.2%

Shares of NXP Semiconductors stock opened at $228.78 on Friday. The firm has a market cap of $57.68 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 2.59 and a beta of 1.41. The stock has a 50-day simple moving average of $220.17 and a 200-day simple moving average of $206.92. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $259.74.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.20 earnings per share. On average, equities research analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 48.39%.

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.