Advisor Resource Council Acquires New Stake in NXP Semiconductors (NASDAQ:NXPI)

Advisor Resource Council acquired a new stake in NXP Semiconductors (NASDAQ:NXPI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,904 shares of the semiconductor provider’s stock, valued at approximately $437,000.

Several other large investors also recently bought and sold shares of the stock. Norden Group LLC purchased a new stake in NXP Semiconductors during the 1st quarter worth about $1,775,000. State of Alaska Department of Revenue increased its holdings in NXP Semiconductors by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 27,968 shares of the semiconductor provider’s stock worth $6,929,000 after purchasing an additional 130 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of NXP Semiconductors by 19.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 5,374 shares of the semiconductor provider’s stock worth $1,332,000 after acquiring an additional 871 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its position in shares of NXP Semiconductors by 2.8% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 8,440 shares of the semiconductor provider’s stock worth $2,091,000 after acquiring an additional 231 shares in the last quarter. Finally, Buffington Mohr McNeal boosted its position in shares of NXP Semiconductors by 0.7% during the 1st quarter. Buffington Mohr McNeal now owns 8,207 shares of the semiconductor provider’s stock worth $2,033,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In related news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NXPI shares. The Goldman Sachs Group upped their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. UBS Group upped their target price on NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Argus upped their target price on NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Finally, TD Cowen upped their target price on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $267.80.

NXP Semiconductors Stock Up 0.1 %

NXPI opened at $272.29 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The business has a 50 day simple moving average of $267.51 and a 200-day simple moving average of $244.09. The stock has a market capitalization of $69.62 billion, a P/E ratio of 25.14, a P/E/G ratio of 2.54 and a beta of 1.49. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.07. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. On average, equities analysts anticipate that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be issued a dividend of $1.014 per share. The ex-dividend date is Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.49%. NXP Semiconductors’s dividend 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.