1,931 Shares in NXP Semiconductors (NASDAQ:NXPI) Acquired by Visionary Horizons LLC

Visionary Horizons LLC bought a new position in NXP Semiconductors (NASDAQ:NXPI) in the first quarter, according to its most recent filing with the SEC. The firm bought 1,931 shares of the semiconductor provider’s stock, valued at approximately $451,000.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in NXP Semiconductors by 46.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock worth $20,510,000 after purchasing an additional 28,518 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in NXP Semiconductors by 29.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock worth $28,846,000 after purchasing an additional 28,758 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in NXP Semiconductors by 27.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock worth $1,100,000 after purchasing an additional 1,019 shares in the last quarter. Principal Financial Group Inc. boosted its stake in NXP Semiconductors by 1.0% in the 4th quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider’s stock worth $75,827,000 after purchasing an additional 3,262 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in NXP Semiconductors by 33.4% in the 4th quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock worth $31,320,000 after purchasing an additional 34,131 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In other news, CEO Kurt Sievers sold 8,548 shares of the company’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 sale, 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 legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Jefferies Financial Group initiated coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They set a “buy” rating and a $325.00 price objective for the company. TD Cowen lifted their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th. Cantor Fitzgerald lifted their price objective on shares of NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Finally, Truist Financial lifted their price objective on shares of NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $267.80.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $268.17 on Thursday. The firm has a market cap of $68.57 billion, a PE ratio of 24.76, a PEG ratio of 2.52 and a beta of 1.50. The firm has a fifty day moving average of $262.08 and a 200 day moving average of $242.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. NXP Semiconductors has a one year low of $167.21 and a one year high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.78 by $0.07. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. As a group, research analysts predict that NXP Semiconductors will post 12.47 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s payout ratio is presently 37.49%.

NXP Semiconductors Company Profile

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.