BDF Gestion Buys New Shares in NXP Semiconductors (NASDAQ:NXPI)

BDF Gestion bought a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,061 shares of the semiconductor provider's stock, valued at approximately $1,152,000.

Other hedge funds have also made changes to their positions in the company. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $32,000. Runnymede Capital Advisors Inc. acquired a new position in NXP Semiconductors in the fourth quarter worth about $32,000. Ameriflex Group Inc. acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $44,000. Strategic Financial Concepts LLC acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $46,000. Finally, GoalVest Advisory LLC increased its holdings 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 worth $52,000 after buying an additional 227 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $210.90 on Monday. 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 company has a market capitalization of $53.28 billion, a P/E ratio of 21.68, a P/E/G ratio of 3.01 and a beta of 1.39. NXP Semiconductors has a 12-month low of $148.09 and a 12-month high of $296.08. The firm has a 50-day moving average price of $192.58 and a two-hundred day moving average price of $205.03.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.24 EPS. Analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NXPI shares. Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a report on Monday, April 21st. Needham & Company LLC lowered their price target on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Truist Financial raised their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Mizuho raised their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of "Moderate Buy" and a consensus target price of $244.78.

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.

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