NXP Semiconductors N.V. $NXPI Holdings Lifted by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 22.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 15,296 shares of the semiconductor provider’s stock after buying an additional 2,833 shares during the period. Inspire Investing LLC’s holdings in NXP Semiconductors were worth $3,011,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NXPI. MCF Advisors LLC boosted its position in NXP Semiconductors by 25.3% during the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after acquiring 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 purchasing an additional 43 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of NXP Semiconductors by 0.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock worth $1,829,000 after purchasing an additional 50 shares in the last quarter. IHT Wealth Management LLC lifted its position in shares of NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after purchasing an additional 52 shares in the last quarter. Finally, Equitable Holdings Inc. boosted its holdings in shares of NXP Semiconductors by 1.4% during the fourth quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock worth $828,000 after purchasing an additional 54 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This 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. In the last 90 days, insiders sold 12,611 shares of company stock valued at $3,182,068. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Up 0.5%

NASDAQ:NXPI opened at $278.37 on Tuesday. The stock’s 50 day moving average price is $292.22 and its 200 day moving average price is $245.52. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a market capitalization of $70.28 billion, a P/E ratio of 26.64, a P/E/G ratio of 1.00 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.64 earnings per share. On average, research analysts forecast that NXP Semiconductors N.V. will post 13.4 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.5%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

Analysts Set New Price Targets

A number of research analysts recently commented on NXPI shares. TD Cowen boosted their price objective 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. Loop Capital increased their target price on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein lifted their target price on shares of NXP Semiconductors from $240.00 to $270.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Stifel Nicolaus boosted their price target on shares of NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a report on Friday, April 24th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $230.00 price target (down from $245.00) on shares of NXP Semiconductors in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $300.08.

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.