Perigon Wealth Management LLC Has $347,000 Position in NXP Semiconductors (NASDAQ:NXPI)

Perigon Wealth Management LLC increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 724.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,723 shares of the semiconductor provider’s stock after acquiring an additional 1,514 shares during the quarter. Perigon Wealth Management LLC’s holdings in NXP Semiconductors were worth $347,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Cardinal Capital Management boosted its holdings in 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 acquiring an additional 55 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in shares of 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 during the period. Arkadios Wealth Advisors lifted its holdings in shares of NXP Semiconductors by 24.5% in the 1st 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 grew its holdings in shares of NXP Semiconductors by 2.7% during the first quarter. Keybank National Association OH now owns 2,541 shares of the semiconductor provider’s stock valued at $512,000 after buying an additional 68 shares during the last quarter. Finally, Canandaigua National Corp raised its holdings in shares of NXP Semiconductors by 1.7% in the 1st quarter. Canandaigua National Corp now owns 4,142 shares of the semiconductor provider’s stock worth $834,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 90.18% of the company’s stock.

A number of equities analysts have issued reports on NXPI shares. lifted their price objective on shares of NXP Semiconductors from $225.00 to $235.00 in a report on Wednesday, April 28th. Mizuho cut shares of NXP Semiconductors from a “buy” rating to a “neutral” rating and cut their price target for the stock from $225.00 to $220.00 in a report on Thursday, July 15th. Cowen increased their price objective on shares of NXP Semiconductors from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft boosted their target price on NXP Semiconductors from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, April 28th. Finally, Zacks Investment Research downgraded NXP Semiconductors from a “buy” rating to a “hold” rating and set a $225.00 price target for the company. in a research report on Tuesday, April 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $205.75.

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

NXPI opened at $198.62 on Thursday. The stock has a 50-day simple moving average of $200.53. NXP Semiconductors has a twelve month low of $114.38 and a twelve month high of $216.43. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.78 and a quick ratio of 1.31. The stock has a market capitalization of $54.77 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 2.31 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Sunday, April 25th. The semiconductor provider reported $2.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.01). NXP Semiconductors had a return on equity of 19.69% and a net margin of 4.65%. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted ($0.08) earnings per share. The firm’s quarterly revenue was up 28.6% on a year-over-year basis. On average, research analysts expect that NXP Semiconductors will post 8.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 6th. Stockholders of record on Tuesday, June 15th were given a $0.563 dividend. This represents a $2.25 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, June 14th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 33.19%.

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 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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