Arkadios Wealth Advisors Buys Shares of 2,131 NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Arkadios Wealth Advisors acquired a new position in NXP Semiconductors, purchasing 2,131 shares valued at approximately $405,000 in the 1st quarter of 2023.
• Analysts have given NXP Semiconductors an average rating of "Moderate Buy", with fifteen analysts issuing buy ratings and the average target price set at $256.05.
• The company recently announced a quarterly dividend of $1.014 per share, resulting in an annualized dividend yield of 1.9% and a payout ratio of 48.39%.

Arkadios Wealth Advisors acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,131 shares of the semiconductor provider's stock, valued at approximately $405,000.

A number of other hedge funds have also modified their holdings of NXPI. Massachusetts Financial Services Co. MA boosted its position in shares of NXP Semiconductors by 1.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider's stock valued at $1,545,958,000 after buying an additional 87,820 shares during the period. Pictet Asset Management Holding SA grew its holdings in NXP Semiconductors by 10.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider's stock worth $858,902,000 after acquiring an additional 432,838 shares in the last quarter. Invesco Ltd. raised its stake in NXP Semiconductors by 10.2% in the fourth quarter. Invesco Ltd. now owns 4,339,344 shares of the semiconductor provider's stock valued at $901,933,000 after buying an additional 402,672 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in NXP Semiconductors by 14.4% during the fourth quarter. Ameriprise Financial Inc. now owns 2,836,756 shares of the semiconductor provider's stock worth $589,622,000 after buying an additional 357,309 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of NXP Semiconductors by 16.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,671,388 shares of the semiconductor provider's stock valued at $555,248,000 after purchasing an additional 377,048 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Insider Transactions at NXP Semiconductors

In related news, CFO William Betz sold 6,785 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the sale, the chief financial officer owned 1,520 shares in the company, valued at $345,556.80. This trade represents a 81.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 27,088 shares of the company's stock, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Down 1.2%

Shares of NXPI traded down $2.55 during mid-day trading on Wednesday, hitting $205.92. 2,760,722 shares of the company's stock were exchanged, compared to its average volume of 2,740,727. The stock has a market cap of $51.92 billion, a price-to-earnings ratio of 24.54, a P/E/G ratio of 2.37 and a beta of 1.41. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $259.74. The firm has a fifty day moving average of $217.43 and a two-hundred day moving average of $206.82. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the prior year, the company earned $3.20 earnings per share. The business's quarterly revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is presently 48.39%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stifel Nicolaus upped their target price on NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a report on Friday, July 18th. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research note on Monday, April 21st. KeyCorp lifted their price target on NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Wells Fargo & Company increased their target price on shares of NXP Semiconductors from $250.00 to $260.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Susquehanna boosted their price objective on NXP Semiconductors from $195.00 to $210.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus price target of $256.05.

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.