Old Port Advisors Increases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Old Port Advisors lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,054 shares of the semiconductor provider’s stock after purchasing an additional 54 shares during the period. Old Port Advisors’ holdings in NXP Semiconductors were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NXPI. Beacon Capital Management LLC grew its holdings in NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after buying an additional 40 shares in the last quarter. Lincoln National Corp boosted its holdings in NXP Semiconductors by 1.9% in the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock valued at $568,000 after purchasing an additional 46 shares during the last quarter. Peterson Wealth Services grew its stake in shares of NXP Semiconductors by 3.1% in the 1st quarter. Peterson Wealth Services now owns 1,520 shares of the semiconductor provider’s stock valued at $377,000 after buying an additional 46 shares during the period. RFG Advisory LLC grew its stake in shares of NXP Semiconductors by 1.6% in the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock valued at $740,000 after buying an additional 47 shares during the period. Finally, CreativeOne Wealth LLC increased its holdings in shares of NXP Semiconductors by 4.5% during the 1st quarter. CreativeOne Wealth LLC now owns 1,103 shares of the semiconductor provider’s stock worth $274,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Stifel Nicolaus increased their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Truist Financial reduced their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. UBS Group increased their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Oppenheimer lifted their price target on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Finally, Jefferies Financial Group assumed coverage on shares of NXP Semiconductors in a report on Monday, May 13th. They issued a “buy” rating and a $325.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Stock Down 2.4 %

NASDAQ NXPI traded down $5.87 on Friday, hitting $237.75. 4,567,156 shares of the stock were exchanged, compared to its average volume of 2,667,396. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The company has a 50-day moving average price of $269.97 and a 200-day moving average price of $251.36. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The company has a market cap of $60.56 billion, a PE ratio of 21.95, a PEG ratio of 2.63 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.04 earnings per share. Sell-side analysts anticipate that NXP Semiconductors will post 12 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Insiders Place Their Bets

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

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.