Appleton Partners Inc. MA Has $546,000 Holdings in NXP Semiconductors (NASDAQ:NXPI)

Appleton Partners Inc. MA lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 20.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,030 shares of the semiconductor provider’s stock after selling 525 shares during the quarter. Appleton Partners Inc. MA’s holdings in NXP Semiconductors were worth $546,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after acquiring an additional 1,909,898 shares in the last quarter. Norges Bank bought a new position in NXP Semiconductors during the fourth quarter valued at about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in NXP Semiconductors by 893.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after buying an additional 2,097,727 shares during the last quarter. Van ECK Associates Corp lifted its holdings in NXP Semiconductors by 24.6% during the first quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock valued at $407,506,000 after purchasing an additional 325,187 shares during the last quarter. Finally, Putnam Investments LLC boosted its holdings in shares of NXP Semiconductors by 4.4% in the fourth quarter. Putnam Investments LLC now owns 1,564,236 shares of the semiconductor provider’s stock worth $359,274,000 after acquiring an additional 65,741 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.4 %

NXPI traded down $5.87 on Friday, hitting $237.75. The company had a trading volume of 4,567,156 shares, compared to its average volume of 2,667,396. The stock has a fifty day simple moving average of $269.97 and a 200-day simple moving average of $251.36. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The firm has a market capitalization of $60.56 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.38. The company had revenue of $3.13 billion for 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%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.04 earnings per share. As a group, equities analysts expect that NXP Semiconductors will post 12 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Insider Buying and Selling at NXP Semiconductors

In related news, insider Julie Southern bought 146 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on NXPI. Stifel Nicolaus raised their target price on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. UBS Group boosted 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. Oppenheimer lifted their price target on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. The Goldman Sachs Group increased their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Needham & Company LLC raised their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

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.