Concurrent Investment Advisors LLC Purchases 1,529 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Concurrent Investment Advisors LLC increased its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 19.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,587 shares of the semiconductor provider's stock after acquiring an additional 1,529 shares during the quarter. Concurrent Investment Advisors LLC's holdings in NXP Semiconductors were worth $1,822,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Sowell Financial Services LLC bought a new position in shares of NXP Semiconductors during the 1st quarter valued at $320,000. Dynamic Advisor Solutions LLC raised its position in shares of NXP Semiconductors by 15.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock valued at $1,004,000 after purchasing an additional 698 shares during the period. Farther Finance Advisors LLC raised its position in shares of NXP Semiconductors by 133.5% in the first quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock valued at $409,000 after purchasing an additional 1,231 shares during the period. BDF Gestion bought a new position in shares of NXP Semiconductors in the first quarter valued at approximately $1,152,000. Finally, Spire Wealth Management raised its position in shares of NXP Semiconductors by 34.4% in the first quarter. Spire Wealth Management now owns 1,267 shares of the semiconductor provider's stock valued at $241,000 after purchasing an additional 324 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price target 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. TD Cowen increased their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a report on Monday, April 21st. Evercore ISI restated an "outperform" rating and set a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Finally, KeyCorp boosted their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday. Four research 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. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average price target of $251.63.

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the transaction, the executive vice president owned 27,088 shares in the company, valued at $6,230,240. This trade represents a 25.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is owned by corporate insiders.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded down $4.27 during midday trading on Friday, hitting $228.92. 1,869,805 shares of the company were exchanged, compared to its average volume of 2,767,401. The firm has a market capitalization of $57.83 billion, a P/E ratio of 24.94, a PEG ratio of 2.91 and a beta of 1.40. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. The firm's 50 day moving average price is $209.19 and its two-hundred day moving average price is $205.48. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the firm earned $3.24 earnings per share. As a group, equities research analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were given 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 yield of 1.77%. NXP Semiconductors's dividend payout ratio is currently 44.23%.

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.