Brookwood Investment Group LLC Acquires Shares of 2,812 NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Brookwood Investment Group LLC acquired 2,812 shares of NXP Semiconductors N.V., valued at approximately $534,000 during the first quarter, indicating renewed interest in the semiconductor sector.
• NXP Semiconductors reported $2.72 earnings per share for the latest quarter, beating estimates, although revenue decreased 6.4% year-over-year.
• The company announced a quarterly dividend of $1.014 per share, with an annualized yield of 1.82%, reflecting a solid dividend payout ratio of 48.39%.

Brookwood Investment Group LLC bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,812 shares of the semiconductor provider's stock, valued at approximately $534,000.

Several other hedge funds and other institutional investors have also modified their holdings of NXPI. Lifeworks Advisors LLC raised its stake in shares of NXP Semiconductors by 16.1% during the 1st quarter. Lifeworks Advisors LLC now owns 12,289 shares of the semiconductor provider's stock worth $2,336,000 after purchasing an additional 1,703 shares in the last quarter. Argonautica Private Wealth Management Inc. purchased a new stake in shares of NXP Semiconductors during the 1st quarter worth about $334,000. AE Wealth Management LLC raised its stake in shares of NXP Semiconductors by 6.9% during the 1st quarter. AE Wealth Management LLC now owns 6,066 shares of the semiconductor provider's stock worth $1,153,000 after purchasing an additional 393 shares in the last quarter. Burney Co. raised its stake in shares of NXP Semiconductors by 2.1% during the 1st quarter. Burney Co. now owns 8,077 shares of the semiconductor provider's stock worth $1,535,000 after purchasing an additional 166 shares in the last quarter. Finally, Wakefield Asset Management LLLP purchased a new stake in shares of NXP Semiconductors during the 1st quarter worth about $291,000. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

NXPI stock traded up $4.46 during trading on Monday, reaching $227.75. 657,683 shares of the stock were exchanged, compared to its average volume of 3,038,383. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $264.54. The company has a market capitalization of $57.54 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 2.52 and a beta of 1.40. The stock has a 50 day simple moving average of $215.14 and a 200-day simple moving average of $206.47. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99.

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

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders 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 yield of 1.78%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's payout ratio is 48.39%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NXPI. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research note on Monday, April 21st. TD Cowen raised their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Wells Fargo & Company raised their target price on NXP Semiconductors from $250.00 to $260.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Truist Financial raised their target price on NXP Semiconductors from $230.00 to $252.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group assumed coverage on NXP Semiconductors in a report on Thursday, July 10th. They set a "buy" rating and a $276.00 target price on the stock. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $256.05.

Insiders Place Their Bets

In other NXP Semiconductors 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.12% of the company's stock.

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.