Glenview Trust Co Purchases 12,512 Shares of NXP Semiconductors N.V. $NXPI

Glenview Trust Co boosted its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 15.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,609 shares of the semiconductor provider’s stock after purchasing an additional 12,512 shares during the quarter. Glenview Trust Co’s holdings in NXP Semiconductors were worth $18,625,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. JPL Wealth Management LLC bought a new position in shares of NXP Semiconductors during the third quarter worth $26,000. SHP Wealth Management acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $27,000. Acumen Wealth Advisors LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at $28,000. Jessup Wealth Management Inc bought a new stake in shares of NXP Semiconductors in the fourth quarter worth about $29,000. Finally, Quattro Advisors LLC bought a new stake in shares of NXP Semiconductors in the fourth quarter worth about $30,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

NXPI opened at $267.18 on Tuesday. The company has a market capitalization of $67.45 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 0.96 and a beta of 1.79. The business’s 50-day moving average price is $297.48 and its two-hundred day moving average price is $251.02. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55.

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

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were given 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 38.85%.

Insiders Place Their Bets

In other news, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 2,020 shares of the company’s stock, valued at $474,700. This trade represents a 72.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 5,389 shares in the company, valued at $1,261,187.67. This trade represents a 45.92% decrease in their ownership of the stock. 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. Insiders sold a total of 12,611 shares of company stock valued at $3,182,068 in the last quarter. 0.05% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on NXPI. BNP Paribas Exane lifted their price objective on NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Stifel Nicolaus increased their target price on NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Raymond James Financial raised their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Evercore lifted their price target on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Oppenheimer upped their price target on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $306.59.

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.