Bourgeon Capital Management LLC Makes New $289,000 Investment in NXP Semiconductors (NASDAQ:NXPI)

Bourgeon Capital Management LLC purchased a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,518 shares of the semiconductor provider's stock, valued at approximately $289,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smithfield Trust Co purchased a new position in shares of NXP Semiconductors during the fourth quarter worth approximately $32,000. Runnymede Capital Advisors Inc. purchased a new position in NXP Semiconductors during the 4th quarter worth $32,000. Ameriflex Group Inc. acquired a new position in NXP Semiconductors in the fourth quarter valued at $44,000. Strategic Financial Concepts LLC purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $46,000. Finally, 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 worth $52,000 after buying an additional 227 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Trading Up 5.6%

Shares of NXPI stock traded up $11.06 during mid-day trading on Wednesday, hitting $210.02. 3,856,616 shares of the company's stock were exchanged, compared to its average volume of 2,699,332. The stock has a market cap of $53.06 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 3.01 and a beta of 1.38. The stock has a 50-day simple moving average of $186.80 and a two-hundred day simple moving average of $205.86. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

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

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.93%. NXP Semiconductors's payout ratio is 44.12%.

Insider Buying and Selling

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at $1,808,504.08. The trade was a 10.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

NXPI has been the subject of several analyst reports. Stifel Nicolaus reduced their price objective on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Needham & Company LLC cut their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a research note on Monday, April 21st. Susquehanna reduced their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Finally, Truist Financial boosted their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus price target of $246.22.

NXP Semiconductors 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.