Alteri Wealth LLC Makes New $396,000 Investment in NXP Semiconductors (NASDAQ:NXPI)

Alteri Wealth LLC purchased a new position in NXP Semiconductors (NASDAQ:NXPI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,906 shares of the semiconductor provider's stock, valued at approximately $396,000.

Other institutional investors have also made changes to their positions in the company. Central Bank & Trust Co. raised its position in shares of NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock worth $917,000 after purchasing an additional 48 shares during the period. Parkside Financial Bank & Trust increased its stake in NXP Semiconductors by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock worth $119,000 after purchasing an additional 51 shares in the last quarter. Private Trust Co. NA raised its holdings in NXP Semiconductors by 5.8% during the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock worth $201,000 after buying an additional 53 shares during the period. J. W. Coons Advisors LLC lifted its stake in NXP Semiconductors by 2.1% in the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock valued at $618,000 after buying an additional 60 shares in the last quarter. Finally, Hunter Associates Investment Management LLC boosted its holdings in shares of NXP Semiconductors by 0.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider's stock valued at $4,180,000 after buying an additional 61 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a report on Monday, April 21st. Mizuho boosted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Citigroup reduced their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.37.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded down $2.54 during midday trading on Tuesday, hitting $182.41. 1,576,148 shares of the company's stock were exchanged, compared to its average volume of 2,601,839. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The company's 50 day moving average price is $190.38 and its 200 day moving average price is $210.60. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $46.08 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The company's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.24 earnings per share. As a group, analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.22%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

NXP Semiconductors 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.