Alpha Cubed Investments LLC Buys 1,226 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Alpha Cubed Investments LLC grew its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 23.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,442 shares of the semiconductor provider's stock after buying an additional 1,226 shares during the period. Alpha Cubed Investments LLC's holdings in NXP Semiconductors were worth $1,224,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund lifted its holdings in NXP Semiconductors by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock worth $4,145,000 after buying an additional 58 shares during the period. Keel Point LLC lifted its stake in shares of NXP Semiconductors by 4.7% in the 4th quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock valued at $294,000 after purchasing an additional 64 shares during the period. MV Capital Management Inc. lifted its stake in shares of NXP Semiconductors by 10.4% in the 4th quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider's stock valued at $145,000 after purchasing an additional 66 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of NXP Semiconductors by 1.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,750 shares of the semiconductor provider's stock valued at $779,000 after purchasing an additional 68 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of NXP Semiconductors by 2.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 3,466 shares of the semiconductor provider's stock valued at $720,000 after purchasing an additional 70 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NXPI traded down $6.10 during midday trading on Monday, hitting $226.00. 2,165,635 shares of the company traded hands, compared to its average volume of 2,757,332. The firm has a 50 day moving average of $205.65 and a 200-day moving average of $204.88. 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 cap of $57.09 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 2.89 and a beta of 1.40. 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 quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The firm 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 firm's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.24 EPS. On average, analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.79%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.23%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NXPI. Barclays dropped their price objective on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley set a $229.00 price objective on NXP Semiconductors in a research note on Monday, April 21st. Stifel Nicolaus dropped their price objective on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. TD Cowen boosted their price objective on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Citigroup raised their target price on NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $249.28.

Insider Buying and Selling

In other news, EVP Jennifer Wuamett sold 9,132 shares of the 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 approximately $6,230,240. This represents a 25.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is owned by company insiders.

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.