Guinness Asset Management LTD Grows Stock Holdings in NXP Semiconductors N.V. $NXPI

Guinness Asset Management LTD increased its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,910 shares of the semiconductor provider’s stock after purchasing an additional 2,332 shares during the period. Guinness Asset Management LTD’s holdings in NXP Semiconductors were worth $10,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. JPL Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the third quarter valued at approximately $26,000. CNB Bank purchased a new position in shares of NXP Semiconductors during the third quarter valued at approximately $28,000. Wexford Capital LP purchased a new position in shares of NXP Semiconductors during the third quarter valued at approximately $31,000. Kelleher Financial Advisors purchased a new position in shares of NXP Semiconductors during the third quarter valued at approximately $31,000. Finally, Community Bank N.A. purchased a new position in shares of NXP Semiconductors during the third quarter valued at approximately $37,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NXPI. Mizuho boosted their price objective on shares of NXP Semiconductors from $188.00 to $200.00 and gave the company an “underperform” rating in a report on Wednesday, April 29th. KeyCorp boosted their price objective on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their target price 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. Citigroup boosted their target price on shares of NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, TD Cowen boosted their target price on shares of NXP Semiconductors from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $294.25.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the transaction, the executive vice president directly owned 9,942 shares in the company, valued at $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the transaction, the executive vice president owned 2,020 shares of the company’s stock, valued at approximately $474,700. The trade was a 72.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 10,865 shares of company stock worth $2,508,416 over the last three months. 0.12% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $316.47 on Friday. The firm has a 50 day moving average of $234.74 and a 200 day moving average of $226.31. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $79.90 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.08 and a beta of 1.77. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $316.81.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results 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. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.64 earnings per share. On average, research analysts anticipate that NXP Semiconductors N.V. will post 13.38 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is presently 38.85%.

NXP Semiconductors 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.