Altrius Capital Management Inc purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 38,041 shares of the semiconductor provider's stock, valued at approximately $7,230,000. NXP Semiconductors accounts for 1.8% of Altrius Capital Management Inc's portfolio, making the stock its 25th biggest holding.
Other institutional investors and hedge funds have also made changes to their positions in the company. Smithfield Trust Co purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at $32,000. Runnymede Capital Advisors Inc. purchased a new position in NXP Semiconductors during the 4th quarter worth $32,000. Ameriflex Group Inc. purchased a new position in NXP Semiconductors during the 4th quarter worth $44,000. Strategic Financial Concepts LLC purchased a new position in NXP Semiconductors during the 4th quarter worth $46,000. Finally, GoalVest Advisory LLC grew its stake in NXP Semiconductors by 472.9% during the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after buying an additional 227 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently weighed in on NXPI shares. Barclays dropped their target price 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. TD Cowen boosted their target price on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Needham & Company LLC dropped their target price 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, Evercore ISI reaffirmed an "outperform" rating and set a $289.00 price target (up previously from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $244.78.
Check Out Our Latest Report on NXPI
NXP Semiconductors Stock Performance
Shares of NXPI stock opened at $209.00 on Friday. The stock has a market cap of $52.80 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.60 and a beta of 1.39. The business has a 50-day simple moving average of $196.64 and a 200-day simple moving average of $204.63. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $296.08.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.24 EPS. On average, equities analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.
NXP Semiconductors Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.94%. NXP Semiconductors's payout ratio is 44.23%.
NXP Semiconductors Profile
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Free Report)
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.
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