Golden State Wealth Management LLC Raises Stock Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Golden State Wealth Management LLC lifted its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 103.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,214 shares of the semiconductor provider's stock after purchasing an additional 1,633 shares during the quarter. Golden State Wealth Management LLC's holdings in NXP Semiconductors were worth $611,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NXPI. FMR LLC grew its stake in NXP Semiconductors by 0.3% during the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after purchasing an additional 86,716 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of NXP Semiconductors by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after buying an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of NXP Semiconductors by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock valued at $1,672,409,000 after buying an additional 144,391 shares during the period. Geode Capital Management LLC grew its position in shares of NXP Semiconductors by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock worth $1,088,094,000 after buying an additional 96,483 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of NXP Semiconductors by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock worth $982,994,000 after buying an additional 269,656 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Up 0.9%

Shares of NASDAQ:NXPI opened at $218.30 on Friday. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $296.08. 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 stock has a market cap of $55.15 billion, a P/E ratio of 23.78, a P/E/G ratio of 2.70 and a beta of 1.39. The firm has a fifty day moving average price of $200.28 and a 200 day moving average price of $204.63.

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 for the quarter, topping the consensus estimate of $2.59 by $0.05. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.24 earnings per share. Sell-side analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

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 dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.23%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NXPI. Citigroup decreased their price target on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, April 11th. TD Cowen lifted their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Needham & Company LLC dropped their target price on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company lifted their price target on NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, June 16th. Four equities 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 stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus 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.

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