Elevation Point Wealth Partners LLC Buys Shares of 23,454 NXP Semiconductors N.V. $NXPI

Elevation Point Wealth Partners LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 23,454 shares of the semiconductor provider’s stock, valued at approximately $4,618,000.

Several other institutional investors also recently modified their holdings of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its stake in shares of NXP Semiconductors by 755.6% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 1,925 shares of the semiconductor provider’s stock valued at $379,000 after acquiring an additional 1,700 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of NXP Semiconductors by 11.7% during the 1st quarter. Keybank National Association OH now owns 3,182 shares of the semiconductor provider’s stock valued at $626,000 after acquiring an additional 334 shares in the last quarter. Fulton Bank N.A. grew its position in NXP Semiconductors by 2.0% during the 1st quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider’s stock worth $850,000 after acquiring an additional 84 shares during the last quarter. USS Investment Management Ltd grew its position in NXP Semiconductors by 2.5% during the 1st quarter. USS Investment Management Ltd now owns 47,226 shares of the semiconductor provider’s stock worth $9,297,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Carmel Capital Management L.L.C. increased its holdings in NXP Semiconductors by 6.4% in the 1st quarter. Carmel Capital Management L.L.C. now owns 65,862 shares of the semiconductor provider’s stock worth $12,966,000 after purchasing an additional 3,950 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on NXPI. Morgan Stanley increased their target price on NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein upped their price objective on NXP Semiconductors from $240.00 to $270.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Stifel Nicolaus raised their price objective on shares of NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a report on Friday, April 24th. Weiss Ratings upgraded shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, Oppenheimer boosted their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.13.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the sale, the executive vice president owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of NXP Semiconductors stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the transaction, the executive vice president directly owned 2,020 shares of the company’s stock, valued at approximately $474,700. This trade represents a 72.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 12,611 shares of company stock valued at $3,182,068. 0.05% of the stock is currently owned by insiders.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $273.36 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The company has a 50 day simple moving average of $296.61 and a two-hundred day simple moving average of $246.72. The company has a market capitalization of $69.02 billion, a PE ratio of 26.16, a P/E/G ratio of 0.99 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the company earned $2.64 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Research analysts anticipate that NXP Semiconductors N.V. will post 13.4 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.5%. NXP Semiconductors’s payout ratio is presently 38.85%.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.