Waycross Partners LLC Buys 3,724 Shares of NXP Semiconductors N.V. $NXPI

Waycross Partners LLC grew its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,327 shares of the semiconductor provider’s stock after purchasing an additional 3,724 shares during the quarter. NXP Semiconductors makes up approximately 2.3% of Waycross Partners LLC’s portfolio, making the stock its 22nd largest holding. Waycross Partners LLC’s holdings in NXP Semiconductors were worth $23,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. JPL Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the 3rd quarter worth $26,000. SHP Wealth Management bought a new position in NXP Semiconductors in the 4th quarter worth $27,000. Acumen Wealth Advisors LLC acquired a new position in NXP Semiconductors during the 4th quarter worth $28,000. Jessup Wealth Management Inc acquired a new position in NXP Semiconductors during the 4th quarter worth $29,000. Finally, Wexford Capital LP bought a new stake in NXP Semiconductors during the third quarter valued at about $31,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on 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 directly owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 12,611 shares of company stock valued at $3,182,068. 0.05% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. JPMorgan Chase & Co. increased their target price on NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein raised their target price on NXP Semiconductors from $240.00 to $270.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings upgraded shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $307.27.

NXP Semiconductors Price Performance

Shares of NXPI opened at $266.53 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The company has a 50-day simple moving average of $298.25 and a 200-day simple moving average of $250.69. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The firm has a market capitalization of $67.29 billion, a P/E ratio of 25.51, a P/E/G ratio of 0.96 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the business earned $2.64 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities research analysts expect that NXP Semiconductors N.V. will post 13.49 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were given a $1.014 dividend. The ex-dividend date was 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%.

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.