Annex Advisory Services LLC Invests $1.98 Million in NXP Semiconductors (NASDAQ:NXPI)

Annex Advisory Services LLC purchased a new position in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,441 shares of the semiconductor provider's stock, valued at approximately $1,984,000.

Other institutional investors also recently bought and sold shares of the company. Smithfield Trust Co bought a new position in shares of NXP Semiconductors during the fourth quarter valued at approximately $32,000. Runnymede Capital Advisors Inc. purchased a new position in NXP Semiconductors during the 4th quarter valued at $32,000. Ameriflex Group Inc. bought a new position in NXP Semiconductors in the 4th quarter valued at $44,000. Strategic Financial Concepts LLC purchased a new stake in NXP Semiconductors in the fourth quarter worth $46,000. Finally, GoalVest Advisory LLC increased its stake in 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 purchasing an additional 227 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of recent analyst reports. UBS Group lowered their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Barclays dropped their target price on shares of 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 lifted their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Mizuho boosted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, Needham & Company LLC dropped 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. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has an average rating of "Moderate Buy" and an average price target of $246.22.

NXP Semiconductors Stock Up 0.4%

Shares of NXP Semiconductors stock traded up $0.78 on Friday, reaching $207.68. The stock had a trading volume of 1,901,100 shares, compared to its average volume of 2,707,526. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $52.47 billion, a P/E ratio of 21.34, a P/E/G ratio of 3.01 and a beta of 1.39. The company has a 50 day moving average price of $187.90 and a 200 day moving average price of $205.71. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the company earned $3.24 earnings per share. The business's revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities research analysts forecast that NXP Semiconductors will post 10.28 EPS for the current year.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is currently owned by insiders.

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.