Raymond James & Associates Acquires 44,724 Shares of NXP Semiconductors (NASDAQ:NXPI)

Raymond James & Associates lifted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 963,603 shares of the semiconductor provider’s stock after purchasing an additional 44,724 shares during the quarter. Raymond James & Associates’ holdings in NXP Semiconductors were worth $238,752,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NXPI. IFP Advisors Inc lifted its position in shares of NXP Semiconductors by 34.0% in the third quarter. IFP Advisors Inc now owns 1,245 shares of the semiconductor provider’s stock worth $249,000 after purchasing an additional 316 shares in the last quarter. Caprock Group LLC increased its holdings in NXP Semiconductors by 20.2% during the third quarter. Caprock Group LLC now owns 2,622 shares of the semiconductor provider’s stock worth $527,000 after buying an additional 440 shares during the last quarter. CX Institutional increased its holdings in NXP Semiconductors by 500.9% during the third quarter. CX Institutional now owns 13,076 shares of the semiconductor provider’s stock worth $2,614,000 after buying an additional 10,900 shares during the last quarter. Czech National Bank increased its holdings in NXP Semiconductors by 46.5% during the third quarter. Czech National Bank now owns 45,058 shares of the semiconductor provider’s stock worth $9,008,000 after buying an additional 14,310 shares during the last quarter. Finally, Ballast Advisors LLC increased its holdings in NXP Semiconductors by 268.8% during the third quarter. Ballast Advisors LLC now owns 4,238 shares of the semiconductor provider’s stock worth $847,000 after buying an additional 3,089 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of recent analyst reports. Wolfe Research upgraded shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 target price on the stock in a report on Thursday, January 18th. Cantor Fitzgerald boosted their target price on shares of NXP Semiconductors from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Stifel Nicolaus upped their price objective on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Evercore ISI assumed coverage on shares of NXP Semiconductors in a report on Tuesday, April 16th. They issued an “outperform” rating and a $300.00 price objective on the stock. Finally, Mizuho upped their price objective on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $242.29.

NXP Semiconductors Price Performance

NXPI traded up $4.62 on Friday, hitting $242.70. 2,059,388 shares of the stock were exchanged, compared to its average volume of 2,041,337. NXP Semiconductors has a 12 month low of $155.31 and a 12 month high of $264.26. The business has a 50-day moving average of $241.20 and a two-hundred day moving average of $219.97. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The firm has a market capitalization of $62.15 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 0.92 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Sell-side analysts forecast that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.67%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.82%.

NXP Semiconductors Profile

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.