First Trust Advisors LP Boosts Stock Holdings in NXP Semiconductors N.V. $NXPI

First Trust Advisors LP grew its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 9.7% in the 1st quarter, HoldingsChannel reports. The firm owned 1,027,246 shares of the semiconductor provider’s stock after buying an additional 91,256 shares during the quarter. First Trust Advisors LP’s holdings in NXP Semiconductors were worth $202,224,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. MCF Advisors LLC lifted its holdings in NXP Semiconductors by 25.3% during the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after buying an additional 43 shares during the period. Aptus Capital Advisors LLC increased its holdings in shares of NXP Semiconductors by 1.3% in the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock valued at $752,000 after acquiring an additional 43 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of NXP Semiconductors by 0.6% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock valued at $1,829,000 after acquiring an additional 50 shares during the period. IHT Wealth Management LLC raised its position in shares of NXP Semiconductors by 4.6% in the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after acquiring an additional 52 shares in the last quarter. Finally, Equitable Holdings Inc. raised its position in shares of NXP Semiconductors by 1.4% in the 4th quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock worth $828,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NXPI shares. Morgan Stanley upped their price objective on NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Jefferies Financial Group boosted their target price on shares of NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Stifel Nicolaus increased their price target on shares of NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, Cantor Fitzgerald raised their price target on shares of NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $306.59.

NXP Semiconductors Stock Up 2.1%

Shares of NXPI stock opened at $278.80 on Thursday. The stock’s fifty day moving average price is $296.66 and its 200 day moving average price is $251.85. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a market cap of $70.39 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 1.13 and a beta of 1.79. 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 released its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates 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%.The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $2.64 earnings per share. On average, research analysts expect that NXP Semiconductors N.V. will post 13.46 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business 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. This represents a $4.06 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares in the company, valued at $1,153,118.79. This trade represents a 32.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

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.