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

Concurrent Investment Advisors LLC raised its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 19.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,587 shares of the semiconductor provider's stock after buying an additional 1,529 shares during the quarter. Concurrent Investment Advisors LLC's holdings in NXP Semiconductors were worth $1,822,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. FMR LLC increased its position in shares of NXP Semiconductors by 0.3% during the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock valued at $5,213,861,000 after purchasing an additional 86,716 shares during the period. Vanguard Group Inc. increased its holdings in NXP Semiconductors by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after buying an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of NXP Semiconductors by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock valued at $1,672,409,000 after buying an additional 144,391 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of NXP Semiconductors by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock worth $1,088,094,000 after acquiring an additional 96,483 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of NXP Semiconductors by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after acquiring an additional 269,656 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Down 0.8%

Shares of NXPI traded down $1.92 during trading hours on Wednesday, hitting $230.42. 1,819,134 shares of the stock traded hands, compared to its average volume of 2,765,447. The business has a fifty day moving average of $207.24 and a 200-day moving average of $205.18. The firm has a market capitalization of $58.21 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.90 and a beta of 1.40. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $296.08. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is presently 44.23%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NXPI. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a research report on Monday, April 21st. Evercore ISI restated an "outperform" rating and set a $289.00 target price (up previously from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Citigroup boosted their price target on NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research note on Monday. TD Cowen increased their price objective on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company lifted their price objective on NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average price target of $250.63.

Insider Activity

In related news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction 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 completion of the sale, the executive vice president directly owned 27,088 shares of the company's stock, valued at $6,230,240. The trade was 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 this link. 0.12% of the stock is owned by corporate insiders.

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.