Axxcess Wealth Management LLC Makes New Investment in NXP Semiconductors N.V. (NASDAQ:NXPI)

Axxcess Wealth Management LLC purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,699 shares of the semiconductor provider's stock, valued at approximately $323,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock valued at $265,000 after buying an additional 218 shares during the period. Proficio Capital Partners LLC purchased a new stake in NXP Semiconductors during the fourth quarter worth about $3,931,000. Wealthfront Advisers LLC acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth about $317,000. Moors & Cabot Inc. purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth $282,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NXP Semiconductors by 5.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,670 shares of the semiconductor provider's stock valued at $4,088,000 after purchasing an additional 959 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded down $0.68 during trading on Tuesday, reaching $223.93. The company's stock had a trading volume of 297,721 shares, compared to its average volume of 3,020,660. The business's fifty day moving average price is $210.80 and its 200-day moving average price is $205.52. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $296.08. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. The firm has a market cap of $56.57 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 2.85 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced 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. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The company's revenue was down 9.3% on a year-over-year basis. During the same period last year, the business posted $3.24 EPS. As a group, analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.81%. NXP Semiconductors's dividend payout ratio is currently 44.12%.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors 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 sale, the executive vice president owned 27,088 shares of the company's stock, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. The Goldman Sachs Group began coverage on shares of NXP Semiconductors in a research note on Thursday, July 10th. They issued a "buy" rating and a $276.00 price target for the company. KeyCorp increased their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. UBS Group lifted their price objective on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Stifel Nicolaus dropped their target price on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and an average price target of $251.63.

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.