D.A. Davidson & CO. Grows Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

D.A. Davidson & CO. grew its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 19.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,692 shares of the semiconductor provider's stock after acquiring an additional 1,573 shares during the quarter. D.A. Davidson & CO.'s holdings in NXP Semiconductors were worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Runnymede Capital Advisors Inc. bought a new stake in NXP Semiconductors in the 4th quarter worth about $32,000. Valley National Advisers Inc. grew its holdings in shares of NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after acquiring an additional 126 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $44,000. Rossby Financial LCC purchased a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $46,000. Finally, GoalVest Advisory LLC lifted its holdings in NXP Semiconductors by 472.9% during the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after acquiring an additional 227 shares during the period. Institutional investors own 90.54% of the company's stock.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the sale, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.12% of the stock is owned by corporate insiders.

NXP Semiconductors Stock Down 2.6%

NXPI opened at $226.00 on Tuesday. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $296.08. The company has a fifty day moving average price of $206.25 and a 200-day moving average price of $204.99. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47. The firm has a market capitalization of $57.09 billion, a P/E 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 released its quarterly 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. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the previous year, the company earned $3.24 EPS. The business's quarterly revenue was down 9.3% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared 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. This represents a $4.06 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.23%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NXPI. Citigroup upped their price objective on NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research note on Monday. Evercore ISI reiterated an "outperform" rating and issued a $289.00 target price (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Needham & Company LLC lowered their price target on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. TD Cowen increased their price objective on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Barclays lowered their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $249.28.

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.

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.