1,763 Shares in NXP Semiconductors N.V. (NASDAQ:NXPI) Purchased by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC acquired 1,763 shares of NXP Semiconductors, valued at approximately $335,000, marking a new position in the company during the first quarter.
• NXP Semiconductors reported an EPS of $2.72 for the last quarter, surpassing analyst expectations of $2.66, but the company's revenue declined by 6.4% year-over-year.
• The company also announced a quarterly dividend of $1.014 per share, which equates to an annualized yield of 1.9% and a payout ratio of 48.39%.

Blueshift Asset Management LLC acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,763 shares of the semiconductor provider's stock, valued at approximately $335,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Valley National Advisers Inc. raised its position in NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after purchasing an additional 126 shares during the last quarter. Ameriflex Group Inc. bought a new position in NXP Semiconductors in the fourth quarter valued at about $44,000. Rossby Financial LCC bought a new position in NXP Semiconductors in the first quarter valued at about $46,000. GoalVest Advisory LLC raised its position in NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after purchasing an additional 227 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in NXP Semiconductors by 112.1% in the first quarter. Cullen Frost Bankers Inc. now owns 316 shares of the semiconductor provider's stock valued at $60,000 after purchasing an additional 167 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on NXPI shares. Susquehanna increased their target price on NXP Semiconductors from $195.00 to $210.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. KGI Securities raised NXP Semiconductors to a "strong-buy" rating in a research note on Wednesday, July 23rd. Barclays raised their price objective on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company raised their price objective on NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, KeyCorp raised their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $256.05.

NXP Semiconductors Stock Up 0.7%

NXP Semiconductors stock traded up $1.38 during trading on Thursday, hitting $207.30. 152,627 shares of the company were exchanged, compared to its average volume of 3,005,864. The business's 50 day moving average is $217.63 and its 200 day moving average is $206.82. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $259.74. The company has a market capitalization of $52.26 billion, a P/E ratio of 24.72, a PEG ratio of 2.37 and a beta of 1.41. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.06. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the previous year, the firm earned $3.20 earnings per share. The business's revenue was down 6.4% on a year-over-year basis. Analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 48.39%.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 9,132 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the transaction, the executive vice president owned 27,088 shares of the company's stock, valued at $6,230,240. This represents a 25.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William Betz sold 6,785 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the transaction, the chief financial officer directly owned 1,520 shares in the company, valued at $345,556.80. This represents a 81.70% decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

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.