Baker Avenue Asset Management LP Invests $388,000 in NXP Semiconductors (NASDAQ:NXPI)

Baker Avenue Asset Management LP bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,865 shares of the semiconductor provider's stock, valued at approximately $388,000.

A number of other institutional investors have also recently bought and sold shares of NXPI. Central Bank & Trust Co. grew its stake in NXP Semiconductors by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock valued at $917,000 after buying an additional 48 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after acquiring an additional 51 shares in the last quarter. Private Trust Co. NA lifted its position in shares of NXP Semiconductors by 5.8% during the 4th quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after acquiring an additional 53 shares during the period. J. W. Coons Advisors LLC increased its position in shares of 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 worth $618,000 after purchasing an additional 60 shares during the period. Finally, Hunter Associates Investment Management LLC lifted its position in NXP Semiconductors by 0.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider's stock worth $4,180,000 after purchasing an additional 61 shares during the period. Institutional investors own 90.54% of the company's stock.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Price Performance

NXPI traded up $3.60 during trading on Friday, hitting $192.17. 2,682,933 shares of the company traded hands, compared to its average volume of 2,610,704. The company has a market cap of $48.55 billion, a PE ratio of 19.75, a P/E/G ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08. The stock's 50-day simple moving average is $188.87 and its two-hundred day simple moving average is $209.87. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

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

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.11%. NXP Semiconductors's payout ratio is currently 44.12%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NXPI shares. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Barclays decreased their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Truist Financial upped their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $250.37.

NXP Semiconductors Company 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.