DAVENPORT & Co LLC Has $3.87 Million Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

DAVENPORT & Co LLC grew its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 42.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 20,369 shares of the semiconductor provider's stock after buying an additional 6,022 shares during the period. DAVENPORT & Co LLC's holdings in NXP Semiconductors were worth $3,871,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of NXP Semiconductors by 8.7% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,454 shares of the semiconductor provider's stock valued at $5,788,000 after buying an additional 2,433 shares during the last quarter. Vontobel Holding Ltd. increased its stake in NXP Semiconductors by 15.2% in the first quarter. Vontobel Holding Ltd. now owns 310,319 shares of the semiconductor provider's stock valued at $58,979,000 after acquiring an additional 40,954 shares during the period. Rovin Capital UT ADV increased its stake in NXP Semiconductors by 12.2% in the first quarter. Rovin Capital UT ADV now owns 3,528 shares of the semiconductor provider's stock valued at $671,000 after acquiring an additional 385 shares during the period. ABLE Financial Group LLC increased its stake in NXP Semiconductors by 7.4% in the first quarter. ABLE Financial Group LLC now owns 4,551 shares of the semiconductor provider's stock valued at $865,000 after acquiring an additional 315 shares during the period. Finally, Mather Group LLC. increased its stake in NXP Semiconductors by 35.4% in the first quarter. Mather Group LLC. now owns 1,024 shares of the semiconductor provider's stock valued at $195,000 after acquiring an additional 268 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 9,132 shares of the 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 transaction, the executive vice president directly owned 27,088 shares in the company, valued at $6,230,240. This represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NXPI. Needham & Company LLC lowered their target price on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research note on Monday, April 21st. TD Cowen upped their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Citigroup lowered their target price on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Barclays lowered their target price on shares of 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 investment 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $246.22.

NXP Semiconductors Price Performance

Shares of NXPI stock traded up $1.59 during trading hours on Friday, reaching $232.74. 1,299,390 shares of the company were exchanged, compared to its average volume of 2,759,710. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The stock's fifty day moving average is $205.65 and its two-hundred day moving average is $204.88. The company has a market cap of $58.80 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 2.89 and a beta of 1.40. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (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 company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the business earned $3.24 earnings per share. NXP Semiconductors's quarterly revenue was down 9.3% on a year-over-year basis. Sell-side analysts forecast 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. Investors of record on Wednesday, June 25th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.74%. 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.