Axxcess Wealth Management LLC Buys 809 Shares of NXP Semiconductors (NASDAQ:NXPI)

Axxcess Wealth Management LLC raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 39.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,869 shares of the semiconductor provider’s stock after purchasing an additional 809 shares during the quarter. Axxcess Wealth Management LLC’s holdings in NXP Semiconductors were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in shares of NXP Semiconductors by 46.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock valued at $20,510,000 after purchasing an additional 28,518 shares during the last quarter. Schechter Investment Advisors LLC purchased a new position in shares of NXP Semiconductors in the fourth quarter worth about $212,000. Highland Capital Management LLC lifted its stake in shares of NXP Semiconductors by 22.7% in the 4th quarter. Highland Capital Management LLC now owns 6,766 shares of the semiconductor provider’s stock valued at $1,554,000 after acquiring an additional 1,250 shares during the last quarter. IFG Advisory LLC purchased a new stake in NXP Semiconductors during the 4th quarter valued at about $223,000. Finally, Meadow Creek Wealth Advisors LLC bought a new position in NXP Semiconductors during the 4th quarter worth approximately $395,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NXPI. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the company from $265.00 to $325.00 in a report on Friday, May 24th. UBS Group increased their price objective on NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Citigroup boosted their target price on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. Finally, Evercore ISI raised their price target on NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $283.46.

Insider Activity at NXP Semiconductors

In other news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction 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 directly owns 177,889 shares in the company, valued at approximately $49,052,891.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded up $6.11 during trading on Friday, reaching $253.62. 2,111,097 shares of the company traded hands, compared to its average volume of 2,225,253. The firm has a 50 day simple moving average of $272.75 and a 200-day simple moving average of $249.39. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The stock has a market capitalization of $64.60 billion, a PE ratio of 22.85, a P/E/G ratio of 2.55 and a beta of 1.49. The company has a quick ratio of 1.64, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.04 earnings per share. Equities research analysts anticipate that NXP Semiconductors will post 12.35 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s payout ratio is 37.49%.

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 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.