Aspetuck Financial Management LLC Buys Shares of 1,900 NXP Semiconductors N.V. (NASDAQ:NXPI)

Aspetuck Financial Management LLC bought a new stake 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 (SEC). The fund bought 1,900 shares of the semiconductor provider's stock, valued at approximately $361,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of NXP Semiconductors by 20.6% in the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after buying an additional 218 shares during the period. Wealthspire Advisors LLC increased its holdings in NXP Semiconductors by 3.5% in the 4th quarter. Wealthspire Advisors LLC now owns 2,501 shares of the semiconductor provider's stock worth $520,000 after acquiring an additional 85 shares in the last quarter. IFP Advisors Inc raised its stake in NXP Semiconductors by 11.9% during the 4th quarter. IFP Advisors Inc now owns 2,091 shares of the semiconductor provider's stock worth $436,000 after acquiring an additional 223 shares during the period. Pine Valley Investments Ltd Liability Co raised its stake in NXP Semiconductors by 7.5% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 4,300 shares of the semiconductor provider's stock worth $894,000 after acquiring an additional 300 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in NXP Semiconductors by 6.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,474,283 shares of the semiconductor provider's stock valued at $306,430,000 after purchasing an additional 85,733 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. UBS Group dropped their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. TD Cowen raised their price target on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Wells Fargo & Company boosted their price objective on NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, June 16th. Finally, Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average price target of $244.78.

NXP Semiconductors Price Performance

NXPI stock traded up $2.02 during trading on Thursday, hitting $218.30. 2,216,033 shares of the company's stock traded hands, compared to its average volume of 2,730,433. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $296.08. The stock has a market capitalization of $55.15 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 2.72 and a beta of 1.39. The business has a fifty day simple moving average of $199.33 and a 200 day simple moving average of $204.66. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09.

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 (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the prior year, the company earned $3.24 EPS. The business's revenue was down 9.3% compared to the same quarter last year. As a group, research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 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.