Bridges Investment Management Inc. Takes Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Bridges Investment Management Inc. purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,316 shares of the semiconductor provider's stock, valued at approximately $250,000.

Other large investors have also modified their holdings of the company. Sowell Financial Services LLC acquired a new position in shares of NXP Semiconductors in the 1st quarter valued at $320,000. Dynamic Advisor Solutions LLC boosted its holdings in shares of NXP Semiconductors by 15.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock valued at $1,004,000 after purchasing an additional 698 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of NXP Semiconductors by 133.5% in the 1st quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock valued at $409,000 after purchasing an additional 1,231 shares during the last quarter. BDF Gestion acquired a new position in shares of NXP Semiconductors in the 1st quarter valued at $1,152,000. Finally, Spire Wealth Management boosted its holdings in shares of NXP Semiconductors by 34.4% in the 1st quarter. Spire Wealth Management now owns 1,267 shares of the semiconductor provider's stock valued at $241,000 after purchasing an additional 324 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the sale, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Down 1.8%

Shares of NXPI traded down $4.27 during midday trading on Friday, hitting $228.92. The company had a trading volume of 1,869,805 shares, compared to its average volume of 2,767,401. The company's 50 day moving average price is $209.19 and its 200 day moving average price is $205.48. The stock has a market cap of $57.83 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 2.91 and a beta of 1.40. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $296.08. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10.

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, topping the consensus estimate of $2.59 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The company's revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.24 EPS. On average, equities research analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's payout ratio is currently 44.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. UBS Group lifted their price target on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Evercore ISI reissued an "outperform" rating and issued a $289.00 target price (up previously from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Finally, Barclays cut their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $251.63.

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.