Caliber Wealth Management LLC KS Takes Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Caliber Wealth Management LLC KS has made a new investment of approximately $1.35 million in NXP Semiconductors N.V., purchasing 7,089 shares in the first quarter.
• The institutional investor activity surrounding NXP Semiconductors is strong, with 90.54% of the stock owned by institutional investors following significant stake increases by firms such as Norges Bank and GAMMA Investing LLC.
• NXP Semiconductors reported earnings per share (EPS) of $2.72 for the quarter, surpassing estimates, despite a year-over-year revenue decline of 6.4%.

Caliber Wealth Management LLC KS acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,089 shares of the semiconductor provider's stock, valued at approximately $1,347,000.

A number of other institutional investors also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its holdings in shares of NXP Semiconductors by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock valued at $4,145,000 after acquiring an additional 58 shares in the last quarter. Keel Point LLC boosted its holdings in NXP Semiconductors by 4.7% during the fourth quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock worth $294,000 after buying an additional 64 shares in the last quarter. MV Capital Management Inc. boosted its holdings in NXP Semiconductors by 10.4% during the fourth quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider's stock worth $145,000 after buying an additional 66 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in NXP Semiconductors by 2.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,005 shares of the semiconductor provider's stock worth $571,000 after buying an additional 67 shares in the last quarter. Finally, DF Dent & Co. Inc. boosted its holdings in NXP Semiconductors by 1.9% during the fourth quarter. DF Dent & Co. Inc. now owns 3,846 shares of the semiconductor provider's stock worth $799,000 after buying an additional 72 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NXPI has been the topic of a number of research analyst reports. Evercore ISI reissued an "outperform" rating and set a $289.00 price objective (up previously from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. Susquehanna boosted their price objective on shares of NXP Semiconductors from $195.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday. Needham & Company LLC lifted their target price on shares of NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, TD Cowen lifted their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average price target of $256.05.

NXP Semiconductors Trading Down 0.5%

NXPI stock traded down $1.14 on Friday, hitting $223.29. 2,160,678 shares of the company were exchanged, compared to its average volume of 2,632,921. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $264.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.74 and a quick ratio of 1.47. The business's fifty day moving average is $215.14 and its two-hundred day moving average is $206.50. The stock has a market capitalization of $56.41 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 2.53 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.72%. NXP Semiconductors's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.20 earnings per share. As a group, research analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.82%. NXP Semiconductors's dividend payout ratio (DPR) is 48.39%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the stock in a transaction on 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 directly owned 27,088 shares of the company's stock, valued at approximately $6,230,240. This represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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.