Bank Julius Baer & Co. Ltd Zurich Purchases 11,539 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Bank Julius Baer & Co. Ltd Zurich lifted its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 4.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 297,927 shares of the semiconductor provider's stock after purchasing an additional 11,539 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned about 0.12% of NXP Semiconductors worth $61,211,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hartford Funds Management Co LLC boosted its holdings in shares of NXP Semiconductors by 16.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 4,721 shares of the semiconductor provider's stock valued at $897,000 after buying an additional 680 shares in the last quarter. Wealth Alliance LLC boosted its holdings in shares of NXP Semiconductors by 8.2% during the 1st quarter. Wealth Alliance LLC now owns 2,090 shares of the semiconductor provider's stock valued at $397,000 after buying an additional 159 shares in the last quarter. Meridian Wealth Advisors LLC boosted its holdings in shares of NXP Semiconductors by 47.3% during the 1st quarter. Meridian Wealth Advisors LLC now owns 20,751 shares of the semiconductor provider's stock valued at $3,944,000 after buying an additional 6,667 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of NXP Semiconductors by 0.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 181,670 shares of the semiconductor provider's stock valued at $34,528,000 after buying an additional 763 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of NXP Semiconductors by 77.8% in the 1st quarter. IFP Advisors Inc now owns 3,718 shares of the semiconductor provider's stock worth $708,000 after purchasing an additional 1,627 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXPI traded down $5.07 during trading on Tuesday, reaching $223.20. The stock had a trading volume of 2,146,596 shares, compared to its average volume of 2,783,187. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $284.75. The stock has a 50 day moving average of $213.64 and a two-hundred day moving average of $205.95. The firm has a market capitalization of $56.39 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 2.82 and a beta of 1.40. 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 (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter last year, the company earned $3.20 earnings per share. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's payout ratio is 44.23%.

Insider Activity

In related news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the sale, the executive vice president owned 27,088 shares of the company's stock, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NXPI. KeyCorp boosted their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Stifel Nicolaus increased their price target on NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a report on Friday. UBS Group increased their target price on NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Barclays dropped their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $253.74.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.