NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,819 shares of the semiconductor provider’s stock after purchasing an additional 748 shares during the period. Avantax Advisory Services Inc.’s holdings in NXP Semiconductors were worth $2,433,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in NXP Semiconductors by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock worth $2,529,129,000 after purchasing an additional 118,562 shares during the period. Norges Bank purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of NXP Semiconductors by 893.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after acquiring an additional 2,097,727 shares during the period. Van ECK Associates Corp raised its stake in shares of NXP Semiconductors by 24.6% in the 1st quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock valued at $407,506,000 after acquiring an additional 325,187 shares during the period. Finally, Putnam Investments LLC raised its stake in shares of NXP Semiconductors by 4.4% in the 4th quarter. Putnam Investments LLC now owns 1,564,236 shares of the semiconductor provider’s stock valued at $359,274,000 after acquiring an additional 65,741 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Truist Financial raised their target price on shares of NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Needham & Company LLC raised their target price on shares of NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Cantor Fitzgerald raised their target price on shares of NXP Semiconductors from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday. Jefferies Financial Group assumed coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They issued a “buy” rating and a $325.00 target price on the stock. Finally, Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $275.04.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $11.18 during trading on Wednesday, reaching $279.60. 2,314,073 shares of the company’s stock traded hands, compared to its average volume of 2,134,197. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08. The company has a 50 day moving average of $272.41 and a 200-day moving average of $247.32. The stock has a market capitalization of $71.49 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 2.64 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. On average, equities analysts expect that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were issued a dividend of $1.014 per share. The ex-dividend date was Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.45%. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Insider Activity

In other news, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the sale, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is 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 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.