NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC lifted its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 36.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,244 shares of the semiconductor provider's stock after purchasing an additional 5,188 shares during the period. Elevation Point Wealth Partners LLC's holdings in NXP Semiconductors were worth $3,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in NXP Semiconductors during the 4th quarter worth approximately $672,224,000. Voloridge Investment Management LLC boosted its stake in NXP Semiconductors by 131.4% during the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after buying an additional 582,317 shares during the last quarter. GAMMA Investing LLC increased its stake in NXP Semiconductors by 26,732.0% in the 1st quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider's stock worth $110,969,000 after acquiring an additional 581,688 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of NXP Semiconductors by 14.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock worth $849,336,000 after buying an additional 500,413 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in NXP Semiconductors by 36.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock worth $322,764,000 after buying an additional 414,932 shares during the period. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXPI stock traded up $6.39 during mid-day trading on Monday, reaching $217.29. The company's stock had a trading volume of 443,876 shares, compared to its average volume of 2,720,160. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company's 50 day moving average is $192.58 and its two-hundred day moving average is $205.03. The stock has a market cap of $54.89 billion, a PE ratio of 22.32, a P/E/G ratio of 3.01 and a beta of 1.39. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08.

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. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the firm earned $3.24 earnings per share. NXP Semiconductors's quarterly revenue was down 9.3% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is 44.12%.

Analysts Set New Price Targets

NXPI has been the topic of a number of recent research reports. Citigroup dropped their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research report on Monday, April 21st. Wells Fargo & Company raised their price objective on NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday. Truist Financial boosted their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Needham & Company LLC lowered their price target on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $244.78.

NXP Semiconductors 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.