Alta Advisers Ltd Invests $255,000 in NXP Semiconductors N.V. (NASDAQ:NXPI)

Alta Advisers Ltd 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 1,343 shares of the semiconductor provider's stock, valued at approximately $255,000.

Several other institutional investors have also added to or reduced their stakes in NXPI. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors in the fourth quarter worth approximately $32,000. Smithfield Trust Co purchased a new stake in NXP Semiconductors in the 4th quarter worth $32,000. Ameriflex Group Inc. bought a new stake in NXP Semiconductors during the fourth quarter valued at about $44,000. Valley National Advisers Inc. lifted its position in shares of 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 acquiring an additional 126 shares in the last quarter. Finally, GoalVest Advisory LLC boosted its stake in shares of NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after acquiring an additional 227 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Up 0.5%

Shares of NXP Semiconductors stock traded up $1.07 during trading on Thursday, hitting $232.22. The stock had a trading volume of 468,874 shares, compared to its average volume of 2,743,897. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $296.08. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47. The firm's fifty day simple moving average is $204.09 and its 200-day simple moving average is $204.74. The stock has a market cap of $58.67 billion, a PE ratio of 25.30, a PEG ratio of 2.76 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 (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the business earned $3.24 earnings per share. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, sell-side analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm 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. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.75%. NXP Semiconductors's dividend payout ratio (DPR) is 44.23%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup dropped their price objective on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research report on Monday, April 21st. Wells Fargo & Company raised their price target on NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Needham & Company LLC reduced their price objective on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Finally, UBS Group increased their target price on NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research report on Wednesday. Four equities research 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $246.22.

About NXP Semiconductors

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.