Frank Rimerman Advisors LLC Buys 1,599 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Frank Rimerman Advisors LLC increased its holdings in NXP Semiconductors by 60.5%, acquiring an additional 1,599 shares, bringing their total ownership to 4,244 shares valued at $807,000.
• The stock has received favorable ratings from several analysts, with target prices being raised; Goldman Sachs assigned a "buy" rating and a $276 target price.
• NXP Semiconductors recently reported earnings of $2.72 per share for the quarter, exceeding expectations, and declared a quarterly dividend of $1.014 per share, translating to a yield of 2.0%.

Frank Rimerman Advisors LLC grew its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 60.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,244 shares of the semiconductor provider's stock after buying an additional 1,599 shares during the period. Frank Rimerman Advisors LLC's holdings in NXP Semiconductors were worth $807,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its stake in shares of NXP Semiconductors by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider's stock valued at $1,545,958,000 after buying an additional 87,820 shares during the period. Pictet Asset Management Holding SA boosted its position in NXP Semiconductors by 10.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider's stock worth $858,902,000 after purchasing an additional 432,838 shares during the period. Ameriprise Financial Inc. boosted its position in NXP Semiconductors by 14.4% during the 4th quarter. Ameriprise Financial Inc. now owns 2,836,756 shares of the semiconductor provider's stock worth $589,622,000 after purchasing an additional 357,309 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in NXP Semiconductors by 16.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,671,388 shares of the semiconductor provider's stock worth $555,248,000 after purchasing an additional 377,048 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in NXP Semiconductors by 1.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,503,562 shares of the semiconductor provider's stock valued at $520,366,000 after buying an additional 28,558 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors 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 transaction, 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 legal filing with the SEC, which is available through this link. Also, CFO William Betz sold 6,785 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the sale, the chief financial officer owned 1,520 shares in the company, valued at $345,556.80. This represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NXPI. The Goldman Sachs Group began coverage on NXP Semiconductors in a research report on Thursday, July 10th. They set a "buy" rating and a $276.00 target price on the stock. Citigroup increased their price target on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Stifel Nicolaus increased their price target on shares of NXP Semiconductors from $170.00 to $210.00 and gave the stock a "hold" rating in a research report on Friday, July 18th. KeyCorp increased their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, UBS Group increased their price objective 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. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $256.05.

NXP Semiconductors Stock Up 4.9%

Shares of NXP Semiconductors stock traded up $10.67 during midday trading on Wednesday, reaching $230.72. 2,791,551 shares of the company's stock traded hands, compared to its average volume of 3,019,473. The company has a market cap of $58.17 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 2.33 and a beta of 1.41. The company's 50 day simple moving average is $218.85 and its 200 day simple moving average is $206.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $259.74.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The business's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.20 EPS. Equities analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is 48.39%.

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.