14,721 Shares in NXP Semiconductors N.V. $NXPI Purchased by Asset One Wealth Management LLC

Asset One Wealth Management LLC acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,721 shares of the semiconductor provider’s stock, valued at approximately $3,402,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Ardsley Advisory Partners LP purchased a new stake in NXP Semiconductors in the fourth quarter worth about $3,147,000. Align Financial LLC bought a new position in NXP Semiconductors in the fourth quarter worth about $15,548,000. American Trust Investment Advisors LLC raised its holdings in NXP Semiconductors by 3.7% in the fourth quarter. American Trust Investment Advisors LLC now owns 19,263 shares of the semiconductor provider’s stock worth $4,181,000 after purchasing an additional 688 shares in the last quarter. Guggenheim Capital LLC raised its holdings in NXP Semiconductors by 72.6% in the fourth quarter. Guggenheim Capital LLC now owns 19,740 shares of the semiconductor provider’s stock worth $4,285,000 after purchasing an additional 8,305 shares in the last quarter. Finally, DV Equities LLC bought a new position in NXP Semiconductors in the fourth quarter worth about $77,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the transaction, the executive vice president owned 2,020 shares in the company, valued at $474,700. This represents a 72.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the transaction, the executive vice president owned 5,389 shares in the company, valued at approximately $1,261,187.67. This trade represents a 45.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,611 shares of company stock worth $3,182,068 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Performance

NXPI opened at $298.20 on Thursday. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The company has a market cap of $75.29 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 1.09 and a beta of 1.77. The firm’s 50-day moving average price is $277.29 and its 200-day moving average price is $240.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the company posted $2.64 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.4%. NXP Semiconductors’s dividend payout ratio is 38.85%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Sanford C. Bernstein boosted their target price on shares of NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Citigroup boosted their target price on shares of NXP Semiconductors from $255.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Barclays boosted their target price on shares of NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Finally, Evercore boosted their target price on shares of NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.92.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.