NXP Semiconductors N.V. $NXPI Shares Bought by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC raised its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 218.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,030 shares of the semiconductor provider’s stock after purchasing an additional 3,449 shares during the period. Outlook Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $990,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NXPI. Harbour Wealth Management Group Inc. increased its stake in shares of NXP Semiconductors by 9.5% during the 1st quarter. Harbour Wealth Management Group Inc. now owns 2,996 shares of the semiconductor provider’s stock worth $590,000 after purchasing an additional 259 shares in the last quarter. Brookstone Capital Management lifted its stake in NXP Semiconductors by 30.2% in the 1st quarter. Brookstone Capital Management now owns 1,428 shares of the semiconductor provider’s stock valued at $281,000 after buying an additional 331 shares in the last quarter. SG Americas Securities LLC lifted its stake in NXP Semiconductors by 53.6% in the 1st quarter. SG Americas Securities LLC now owns 768,773 shares of the semiconductor provider’s stock valued at $151,341,000 after buying an additional 268,290 shares in the last quarter. Smith Salley Wealth Management grew its holdings in NXP Semiconductors by 0.7% during the 1st quarter. Smith Salley Wealth Management now owns 82,143 shares of the semiconductor provider’s stock valued at $16,171,000 after buying an additional 545 shares during the last quarter. Finally, Evolve Private Wealth LLC grew its holdings in NXP Semiconductors by 12.6% during the 1st quarter. Evolve Private Wealth LLC now owns 2,343 shares of the semiconductor provider’s stock valued at $461,000 after buying an additional 263 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the company’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 transaction, the executive vice president directly owned 2,020 shares of the company’s stock, valued at $474,700. This trade represents a 72.36% decrease in their position. 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 three months, insiders sold 12,611 shares of company stock worth $3,182,068. 0.05% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NXPI shares. KeyCorp boosted their price target on NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Barclays increased their price objective on NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. BNP Paribas Exane lifted their price objective on NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Loop Capital boosted their target price on shares of NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Wolfe Research upped their target price on shares of NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $295.92.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $323.24 on Tuesday. The business has a fifty day simple moving average of $284.18 and a 200-day simple moving average of $243.35. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a market cap of $81.61 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.13 and a beta of 1.77. 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 (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. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $2.64 EPS. Equities research analysts forecast that NXP Semiconductors N.V. will post 13.4 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be given a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

NXP Semiconductors 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.