Octavia Wealth Advisors LLC Buys 2,074 Shares of NXP Semiconductors (NASDAQ:NXPI)

Octavia Wealth Advisors LLC lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 157.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,395 shares of the semiconductor provider’s stock after acquiring an additional 2,074 shares during the period. Octavia Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $649,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC raised its stake in shares of NXP Semiconductors by 0.3% in the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider’s stock valued at $5,213,861,000 after purchasing an additional 86,716 shares during the period. Vanguard Group Inc. grew its holdings in shares of NXP Semiconductors by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock worth $2,769,048,000 after buying an additional 99,667 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of NXP Semiconductors by 1.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock worth $1,672,409,000 after buying an additional 144,391 shares in the last quarter. Geode Capital Management LLC raised its position in NXP Semiconductors by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock valued at $1,088,094,000 after buying an additional 96,483 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in NXP Semiconductors by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider’s stock valued at $982,994,000 after acquiring an additional 269,656 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Citigroup decreased their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Needham & Company LLC cut their price target on shares of NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Finally, TD Cowen lifted their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $246.22.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $207.68 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $52.47 billion, a P/E ratio of 21.34, a P/E/G ratio of 3.01 and a beta of 1.39. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The stock has a 50 day moving average of $187.90 and a 200-day moving average of $205.48.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm posted $3.24 EPS. The company’s quarterly revenue was down 9.3% on a year-over-year basis. As a group, equities research analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Company 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.