Waycross Partners LLC Has $23.69 Million Stock Holdings in NXP Semiconductors N.V. $NXPI

Waycross Partners LLC boosted its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,327 shares of the semiconductor provider’s stock after purchasing an additional 3,724 shares during the period. NXP Semiconductors comprises 2.3% of Waycross Partners LLC’s portfolio, making the stock its 22nd biggest holding. Waycross Partners LLC’s holdings in NXP Semiconductors were worth $23,688,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Sound Shore Management Inc. CT bought a new stake in shares of NXP Semiconductors in the 1st quarter valued at approximately $80,841,000. KBC Group NV lifted its position in shares of NXP Semiconductors by 52.1% during the 1st quarter. KBC Group NV now owns 108,710 shares of the semiconductor provider’s stock worth $21,401,000 after buying an additional 37,243 shares during the period. SEB Asset Management AB acquired a new stake in NXP Semiconductors in the 1st quarter valued at $11,448,000. Swiss National Bank boosted its stake in NXP Semiconductors by 6.9% in the 1st quarter. Swiss National Bank now owns 738,629 shares of the semiconductor provider’s stock valued at $145,407,000 after buying an additional 47,800 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in NXP Semiconductors by 41.9% in the first quarter. California Public Employees Retirement System now owns 1,592,213 shares of the semiconductor provider’s stock valued at $313,443,000 after acquiring an additional 470,254 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 12,611 shares of company stock worth $3,182,068. 0.05% of the stock is currently owned by corporate insiders.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $266.53 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The firm has a market cap of $67.29 billion, a P/E ratio of 25.51, a P/E/G ratio of 0.96 and a beta of 1.79. The business’s fifty day moving average is $298.25 and its two-hundred day moving average is $250.69. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the business earned $2.64 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts forecast that NXP Semiconductors N.V. will post 13.49 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. NXP Semiconductors’s dividend payout ratio is currently 38.85%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays increased their price objective on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Wolfe Research upped their target price on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Wells Fargo & Company increased their target price on shares of NXP Semiconductors from $265.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. boosted their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Raymond James Financial upped their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $307.27.

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.