Princeton Capital Management LLC lifted its stake in NXP Semiconductors (NASDAQ:NXPI) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,981 shares of the semiconductor provider’s stock after purchasing an additional 124 shares during the quarter. NXP Semiconductors comprises 1.7% of Princeton Capital Management LLC’s portfolio, making the stock its 20th biggest holding. Princeton Capital Management LLC’s holdings in NXP Semiconductors were worth $5,030,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in NXPI. Cardinal Capital Management boosted its stake in shares of NXP Semiconductors by 0.6% in the first quarter. Cardinal Capital Management now owns 8,882 shares of the semiconductor provider’s stock worth $1,788,000 after buying an additional 55 shares during the last quarter. Kistler Tiffany Companies LLC boosted its position in NXP Semiconductors by 7.6% during the first quarter. Kistler Tiffany Companies LLC now owns 806 shares of the semiconductor provider’s stock worth $162,000 after purchasing an additional 57 shares in the last quarter. Arkadios Wealth Advisors boosted its position in NXP Semiconductors by 24.5% during the first quarter. Arkadios Wealth Advisors now owns 295 shares of the semiconductor provider’s stock worth $59,000 after purchasing an additional 58 shares in the last quarter. Keybank National Association OH boosted its position in NXP Semiconductors by 2.7% during the first quarter. Keybank National Association OH now owns 2,541 shares of the semiconductor provider’s stock worth $512,000 after purchasing an additional 68 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its position in NXP Semiconductors by 2.5% during the fourth quarter. NEXT Financial Group Inc now owns 2,858 shares of the semiconductor provider’s stock worth $456,000 after purchasing an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 90.21% of the company’s stock.
A number of equities analysts have issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and set a $213.00 price target (up previously from $190.00) on shares of NXP Semiconductors in a research report on Wednesday, April 14th. Zacks Investment Research cut NXP Semiconductors from a “buy” rating to a “hold” rating and set a $225.00 target price for the company. in a report on Tuesday, April 6th. Oppenheimer increased their target price on NXP Semiconductors from $210.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, April 22nd. Stifel Nicolaus increased their target price on NXP Semiconductors from $180.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, April 15th. Finally, Credit Suisse Group increased their price target on NXP Semiconductors from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $205.96.
NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Sunday, April 25th. The semiconductor provider reported $2.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.01). The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.56 billion. NXP Semiconductors had a net margin of 4.65% and a return on equity of 19.69%. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) earnings per share. As a group, equities research analysts predict that NXP Semiconductors will post 8.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 6th. Investors of record on Tuesday, June 15th will be issued a $0.563 dividend. The ex-dividend date of this dividend is Monday, June 14th. This represents a $2.25 dividend on an annualized basis and a yield of 1.12%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 33.19%.
In other NXP Semiconductors news, EVP Reed David sold 3,725 shares of NXP Semiconductors stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $204.67, for a total transaction of $762,395.75. Following the completion of the sale, the executive vice president now directly owns 2,545 shares of the company’s stock, valued at approximately $520,885.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter Kelly sold 24,162 shares of NXP Semiconductors stock in a transaction dated Monday, May 24th. The stock was sold at an average price of $205.37, for a total value of $4,962,149.94. Following the sale, the chief financial officer now directly owns 115,340 shares of the company’s stock, valued at $23,687,375.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,920 shares of company stock valued at $14,442,911. 0.32% of the stock is currently owned by company insiders.
About NXP Semiconductors
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 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.
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