Central Bank & Trust Co. Raises Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Central Bank & Trust Co. lifted its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 125.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,943 shares of the semiconductor provider's stock after buying an additional 5,531 shares during the period. Central Bank & Trust Co.'s holdings in NXP Semiconductors were worth $1,890,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Strategic Financial Concepts LLC purchased a new position in NXP Semiconductors in the 4th quarter worth approximately $46,000. Asset Management One Co. Ltd. grew its holdings in shares of NXP Semiconductors by 2.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider's stock worth $21,068,000 after purchasing an additional 2,609 shares during the last quarter. Aveo Capital Partners LLC increased its stake in shares of NXP Semiconductors by 109.4% in the fourth quarter. Aveo Capital Partners LLC now owns 3,233 shares of the semiconductor provider's stock worth $672,000 after buying an additional 1,689 shares during the period. Congress Asset Management Co. increased its stake in shares of NXP Semiconductors by 0.3% in the fourth quarter. Congress Asset Management Co. now owns 523,573 shares of the semiconductor provider's stock worth $108,825,000 after buying an additional 1,581 shares during the period. Finally, Van ECK Associates Corp raised its holdings in NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after buying an additional 824,317 shares during the last quarter. Institutional investors own 90.54% of the company's stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NXPI. UBS Group cut their price target on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Barclays dropped their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC reduced their price target on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Finally, Truist Financial upped their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $246.22.

NXP Semiconductors Stock Up 2.6%

NASDAQ:NXPI traded up $5.40 during mid-day trading on Monday, hitting $213.08. 2,726,315 shares of the company's stock were exchanged, compared to its average volume of 2,713,589. The company has a market cap of $53.83 billion, a PE ratio of 21.90, a P/E/G ratio of 3.01 and a beta of 1.39. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08. The business has a fifty day moving average price of $187.90 and a 200 day moving average price of $205.48.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates 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 was down 9.3% on a year-over-year basis. During the same period last year, the business earned $3.24 earnings per share. Equities analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

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.