Thurston Springer Miller Herd & Titak Inc. Buys 550 Shares of NXP Semiconductors (NASDAQ:NXPI)

Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 37.1% during the first quarter, Holdings Channel.com reports. The fund owned 2,034 shares of the semiconductor provider’s stock after acquiring an additional 550 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in NXP Semiconductors were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Long Run Wealth Advisors LLC raised its position in shares of NXP Semiconductors by 10.6% during the 1st quarter. Long Run Wealth Advisors LLC now owns 17,608 shares of the semiconductor provider’s stock valued at $3,347,000 after purchasing an additional 1,692 shares during the period. Greenfield Savings Bank increased its stake in NXP Semiconductors by 7.9% in the 1st quarter. Greenfield Savings Bank now owns 1,345 shares of the semiconductor provider’s stock worth $256,000 after buying an additional 99 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in NXP Semiconductors by 16.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 3,238 shares of the semiconductor provider’s stock valued at $615,000 after acquiring an additional 461 shares during the period. Bremer Bank National Association lifted its position in shares of NXP Semiconductors by 8.8% in the first quarter. Bremer Bank National Association now owns 20,638 shares of the semiconductor provider’s stock valued at $3,922,000 after acquiring an additional 1,661 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its position in shares of NXP Semiconductors by 170,650.0% in the first quarter. Whipplewood Advisors LLC now owns 30,735 shares of the semiconductor provider’s stock valued at $5,841,000 after acquiring an additional 30,717 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $206.90 on Friday. The company’s 50-day moving average price is $187.54 and its 200-day moving average price is $205.80. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The company has a market cap of $52.27 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.24 earnings per share. On average, equities research analysts forecast that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on NXPI shares. Citigroup cut their target price on NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Stifel Nicolaus dropped their price target on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Truist Financial lifted their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research report on Monday, April 21st. Finally, Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $246.22.

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.