Concurrent Investment Advisors LLC Boosts Stock Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Concurrent Investment Advisors LLC raised its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Runnymede Capital Advisors Inc. acquired a new stake in NXP Semiconductors during the fourth quarter worth about $32,000. Ameriflex Group Inc. purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $44,000. Valley National Advisers Inc. increased its holdings in shares of NXP Semiconductors by 118.9% during the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after buying an additional 126 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of NXP Semiconductors during the 1st quarter valued at approximately $46,000. Finally, GoalVest Advisory LLC lifted its holdings in NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after acquiring an additional 227 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NXPI has been the topic of a number of research analyst reports. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. KeyCorp boosted their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday. UBS Group increased their target price on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a research note on Monday, April 21st. Finally, Citigroup lifted their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a report on Monday. 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. According to MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus target price of $251.63.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 9,132 shares of the company's stock in a transaction 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 approximately $6,230,240. This represents a 25.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Up 1.7%

NASDAQ NXPI traded up $3.84 on Thursday, hitting $234.26. 866,786 shares of the stock were exchanged, compared to its average volume of 2,758,347. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company has a 50-day moving average price of $208.17 and a 200-day moving average price of $205.35. The company has a market cap of $59.18 billion, a PE ratio of 25.57, a PEG ratio of 2.90 and a beta of 1.40. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.73%. 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.