Patriot Financial Group Insurance Agency LLC lifted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 96.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,258 shares of the semiconductor provider’s stock after purchasing an additional 2,086 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in NXP Semiconductors were worth $838,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in shares of NXP Semiconductors by 25.2% in the 1st quarter. Venturi Wealth Management LLC now owns 2,771 shares of the semiconductor provider’s stock valued at $545,000 after acquiring an additional 557 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its position in shares of NXP Semiconductors by 20.0% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,200 shares of the semiconductor provider’s stock valued at $236,000 after acquiring an additional 200 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in NXP Semiconductors during the first quarter worth $5,788,000. Ritholtz Wealth Management boosted its holdings in NXP Semiconductors by 10.0% in the first quarter. Ritholtz Wealth Management now owns 3,779 shares of the semiconductor provider’s stock worth $744,000 after purchasing an additional 343 shares during the period. Finally, Watchman Group Inc. boosted its holdings in NXP Semiconductors by 9.9% in the first quarter. Watchman Group Inc. now owns 15,594 shares of the semiconductor provider’s stock worth $3,070,000 after purchasing an additional 1,409 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.
NXP Semiconductors Stock Up 1.0%
Shares of NXPI stock opened at $281.03 on Wednesday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The business’s fifty day moving average is $293.52 and its 200-day moving average is $245.88. The stock has a market cap of $70.95 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.
NXP Semiconductors Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, June 24th. NXP Semiconductors’s payout ratio is presently 38.85%.
Insider Buying and Selling at NXP Semiconductors
In other news, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president directly owned 3,643 shares in the company, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the transaction, the executive vice president owned 2,020 shares in the company, valued at $474,700. This trade represents a 72.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,611 shares of company stock valued at $3,182,068 in the last three months. 0.05% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on NXPI shares. JPMorgan Chase & Co. lifted their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Truist Financial raised their target price on shares of NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Raymond James Financial lifted their target price on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Stifel Nicolaus upped their target price on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a report on Friday, April 24th. Finally, Oppenheimer raised their price target on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.08.
Check Out Our Latest Stock Analysis on NXPI
NXP Semiconductors Company Profile
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.
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