WealthShield Partners LLC Takes Position in NXP Semiconductors N.V. $NXPI

WealthShield Partners LLC acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPIFree Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,528 shares of the semiconductor provider’s stock, valued at approximately $3,533,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. BlackRock Inc. bought a new stake in NXP Semiconductors during the 2nd quarter worth approximately $6,716,412,000. Vanguard Group Inc. boosted its position in shares of NXP Semiconductors by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock worth $2,954,739,000 after purchasing an additional 293,558 shares during the period. State Street Corp boosted its position in shares of NXP Semiconductors by 0.5% in the fourth quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock worth $2,407,382,000 after purchasing an additional 55,098 shares during the period. Invesco Ltd. increased its stake in shares of NXP Semiconductors by 17.2% in the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after purchasing an additional 818,985 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of NXP Semiconductors by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock worth $1,180,572,000 after purchasing an additional 30,804 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Up 1.2%

NXP Semiconductors stock opened at $225.56 on Friday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The firm’s 50 day moving average price is $265.95 and its 200-day moving average price is $252.35. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The stock has a market cap of $56.88 billion, a P/E ratio of 19.25, a PEG ratio of 0.77 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. NXP Semiconductors’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.72 earnings per share. On average, equities analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were paid a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s payout ratio is presently 34.64%.

Insider Activity

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the transaction, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This represents a 32.40% decrease in their position. The transaction 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 Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. The trade was a 10.06% 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. 0.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NXPI shares. Raymond James Financial lifted their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Susquehanna increased their price target on NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price target on shares of NXP Semiconductors in a report on Monday, August 17th. Finally, Oppenheimer boosted their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $305.43.

View Our Latest Report on NXPI

About NXP Semiconductors

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPIFree Report).

Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.