NXP Semiconductors N.V. $NXPI Shares Acquired by Private Wealth Partners LLC

Private Wealth Partners LLC increased its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 203.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,652 shares of the semiconductor provider’s stock after purchasing an additional 7,144 shares during the period. Private Wealth Partners LLC’s holdings in NXP Semiconductors were worth $2,097,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. JPL Wealth Management LLC bought a new position in NXP Semiconductors during the 3rd quarter worth $26,000. SHP Wealth Management bought a new stake in NXP Semiconductors in the fourth quarter valued at $27,000. Acumen Wealth Advisors LLC bought a new stake in NXP Semiconductors in the fourth quarter valued at $28,000. Jessup Wealth Management Inc acquired a new position in shares of NXP Semiconductors during the fourth quarter valued at $29,000. Finally, Wexford Capital LP acquired a new position in shares of NXP Semiconductors during the third quarter valued at $31,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the sale, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. The trade was a 72.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the completion of the sale, the executive vice president owned 5,389 shares of the company’s stock, valued at $1,261,187.67. This trade represents a 45.92% 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. Insiders have sold 12,611 shares of company stock worth $3,182,068 over the last quarter. 0.05% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NXPI shares. BNP Paribas Exane increased their price objective on shares of NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. TD Cowen boosted their target price on shares of NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Truist Financial upped their target price on shares of NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Morgan Stanley raised their price target on shares of NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus lifted their price target on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $301.13.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $273.36 on Friday. The firm has a 50-day moving average price of $296.61 and a 200 day moving average price of $246.72. The firm 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. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95.

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

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

NXP Semiconductors Company Profile

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.