1,577 Shares in NXP Semiconductors N.V. (NASDAQ:NXPI) Acquired by Financial Partners Group LLC

Financial Partners Group LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,577 shares of the semiconductor provider’s stock, valued at approximately $300,000.

Other hedge funds have also bought and sold shares of the company. FMR LLC increased its position in shares of NXP Semiconductors by 0.3% during 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 last quarter. Vanguard Group Inc. boosted its stake in NXP Semiconductors by 0.8% in 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 position in 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 valued at $1,672,409,000 after acquiring an additional 144,391 shares during the last quarter. Geode Capital Management LLC grew its position in NXP Semiconductors by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock valued at $1,088,094,000 after acquiring an additional 96,483 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of NXP Semiconductors by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider’s stock worth $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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NXPI shares. Citigroup cut their price objective on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Barclays cut their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC decreased their price objective on NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. UBS Group lowered their target price on NXP Semiconductors from $265.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus reduced their price target on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $244.78.

NXP Semiconductors Trading Down 2.2%

Shares of NXPI opened at $212.83 on Wednesday. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $296.08. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The firm’s 50-day moving average price is $194.40 and its 200-day moving average price is $205.00. The firm has a market capitalization of $53.77 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 2.71 and a beta of 1.39.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the business posted $3.24 earnings per share. NXP Semiconductors’s quarterly revenue was down 9.3% compared to the same quarter last year. Sell-side analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors’s dividend payout ratio is currently 44.23%.

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.