Assetmark Inc. Boosts Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Assetmark Inc. increased its stake in NXP Semiconductors N.V. by 6.2%, acquiring over 36,900 shares valued at approximately $7.01 million.
• Multiple institutional investors have also significantly increased their holdings, with some like GoalVest Advisory LLC raising their positions by up to 472.9%.
• Analysts have raised price targets for NXP Semiconductors, with estimates ranging from $210.00 to $275.00, reflecting a consensus rating of "Moderate Buy" and an average target price of $256.05.

Assetmark Inc. raised its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,902 shares of the semiconductor provider's stock after purchasing an additional 2,153 shares during the quarter. Assetmark Inc.'s holdings in NXP Semiconductors were worth $7,014,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of NXPI. Ameriflex Group Inc. purchased a new position in NXP Semiconductors during the fourth quarter worth $44,000. Valley National Advisers Inc. boosted its stake in shares of NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after purchasing an additional 126 shares during the period. Rossby Financial LCC purchased a new stake in shares of NXP Semiconductors during the first quarter valued at $46,000. GoalVest Advisory LLC boosted its stake in shares of NXP Semiconductors by 472.9% during the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after purchasing an additional 227 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of NXP Semiconductors by 112.1% during the first quarter. Cullen Frost Bankers Inc. now owns 316 shares of the semiconductor provider's stock valued at $60,000 after purchasing an additional 167 shares during the period. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Trading Down 1.8%

Shares of NASDAQ:NXPI traded down $3.99 during midday trading on Thursday, reaching $216.95. 578,188 shares of the company's stock were exchanged, compared to its average volume of 3,022,708. The firm's 50 day simple moving average is $216.14 and its two-hundred day simple moving average is $206.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. The stock has a market cap of $54.70 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 2.56 and a beta of 1.40. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $264.54.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. NXP Semiconductors's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the business posted $3.20 EPS. As a group, sell-side 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 announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.87%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's payout ratio is 48.39%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NXPI shares. UBS Group boosted their target price on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. TD Cowen upped their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of NXP Semiconductors from $205.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Evercore ISI reaffirmed an "outperform" rating and issued a $289.00 price objective (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Finally, Citigroup boosted their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus price target of $256.05.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the sale, the executive vice president directly owned 27,088 shares in the company, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the completion of the sale, the chief financial officer owned 1,520 shares in the company, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is owned by 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.