First Heartland Consultants Inc. Takes $235,000 Position in NXP Semiconductors (NASDAQ:NXPI)

First Heartland Consultants Inc. acquired a new stake in NXP Semiconductors (NASDAQ:NXPI) in the 1st quarter, Holdings Channel reports. The fund acquired 1,168 shares of the semiconductor provider’s stock, valued at approximately $235,000.

Other institutional investors also recently bought and sold shares of the company. Boston Partners boosted its holdings in NXP Semiconductors by 4.3% during the first quarter. Boston Partners now owns 3,705,061 shares of the semiconductor provider’s stock worth $745,984,000 after buying an additional 154,176 shares in the last quarter. Pinebridge Investments L.P. boosted its holdings in NXP Semiconductors by 8.8% during the first quarter. Pinebridge Investments L.P. now owns 42,230 shares of the semiconductor provider’s stock worth $8,503,000 after buying an additional 3,410 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in NXP Semiconductors by 918.6% during the first quarter. Gotham Asset Management LLC now owns 47,907 shares of the semiconductor provider’s stock worth $9,646,000 after buying an additional 43,204 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in NXP Semiconductors by 26.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 164,645 shares of the semiconductor provider’s stock worth $33,150,000 after buying an additional 34,645 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in NXP Semiconductors by 4.9% during the first quarter. UBS Asset Management Americas Inc. now owns 2,093,859 shares of the semiconductor provider’s stock worth $421,578,000 after buying an additional 97,768 shares in the last quarter. Institutional investors and hedge funds own 90.18% of the company’s stock.

In other news, CFO Peter Kelly sold 24,162 shares of the firm’s stock in a transaction on Monday, May 24th. The shares were sold at an average price of $205.37, for a total transaction of $4,962,149.94. Following the transaction, the chief financial officer now owns 115,340 shares in the company, valued at approximately $23,687,375.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by company insiders.

NXP Semiconductors stock opened at $198.62 on Thursday. The company has a market cap of $54.77 billion, a P/E ratio of 134.20, a P/E/G ratio of 2.31 and a beta of 1.40. The firm’s fifty day simple moving average is $200.53. The company has a quick ratio of 1.31, a current ratio of 1.78 and a debt-to-equity ratio of 0.89. NXP Semiconductors has a 1-year low of $114.38 and a 1-year high of $216.43.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Sunday, April 25th. The semiconductor provider reported $2.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.01). The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.56 billion. NXP Semiconductors had a net margin of 4.65% and a return on equity of 19.69%. The firm’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) EPS. As a group, equities research analysts anticipate that NXP Semiconductors will post 8.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 6th. Stockholders of record on Tuesday, June 15th were issued a dividend of $0.563 per share. The ex-dividend date of this dividend was Monday, June 14th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.13%. NXP Semiconductors’s dividend payout ratio is currently 33.19%.

NXPI has been the subject of a number of research reports. Morgan Stanley restated an “equal weight” rating and set a $213.00 target price (up from $190.00) on shares of NXP Semiconductors in a report on Wednesday, April 14th. Oppenheimer raised their target price on shares of NXP Semiconductors from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, April 22nd. Citigroup raised their price objective on shares of NXP Semiconductors from $225.00 to $235.00 in a research note on Wednesday, April 28th. Wells Fargo & Company raised their price objective on shares of NXP Semiconductors from $210.00 to $235.00 and gave the stock an “overweight” rating in a research note on Thursday, April 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of NXP Semiconductors from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, April 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. NXP Semiconductors presently has a consensus rating of “Buy” and a consensus price target of $205.75.

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

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