Crossmark Global Holdings Inc. Grows Stock Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Crossmark Global Holdings Inc. increased its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 345.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,448 shares of the semiconductor provider's stock after buying an additional 27,494 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in NXP Semiconductors were worth $6,737,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC purchased a new position in NXP Semiconductors during the first quarter worth about $320,000. Dynamic Advisor Solutions LLC lifted its position in NXP Semiconductors by 15.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock worth $1,004,000 after buying an additional 698 shares during the period. Farther Finance Advisors LLC lifted its position in NXP Semiconductors by 133.5% during the first quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock worth $409,000 after buying an additional 1,231 shares during the period. BDF Gestion purchased a new position in NXP Semiconductors during the first quarter worth about $1,152,000. Finally, Spire Wealth Management lifted its position in NXP Semiconductors by 34.4% during the first quarter. Spire Wealth Management now owns 1,267 shares of the semiconductor provider's stock worth $241,000 after buying an additional 324 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Morgan Stanley set a $229.00 price objective on NXP Semiconductors in a report on Monday, April 21st. Evercore ISI restated an "outperform" rating and issued a $289.00 price objective (up from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. UBS Group raised their price objective on NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Finally, Needham & Company LLC cut their price objective on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Four equities 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 data from MarketBeat.com, NXP Semiconductors presently has an average rating of "Moderate Buy" and an average target price of $249.28.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $226.00 on Tuesday. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The business has a 50 day moving average price of $206.25 and a two-hundred day moving average price of $204.99. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. The firm has a market cap of $57.09 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 2.89 and a beta of 1.40.

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

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.79%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by company insiders.

NXP Semiconductors Company Profile

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.

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