Ground Swell Capital LLC Invests $1.33 Million in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Ground Swell Capital LLC has made a significant investment of $1.33 million in NXP Semiconductors, acquiring 7,001 shares, which now represent about 2.8% of its total holdings.
• Several institutional investors have recently increased their positions in NXP, with notable changes including a 137% acquisition boost from CreativeOne Wealth LLC.
• NXP Semiconductors reported quarterly earnings exceeding analyst expectations, with earnings per share at $2.72, surpassing the forecast of $2.66.

Ground Swell Capital LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,001 shares of the semiconductor provider's stock, valued at approximately $1,331,000. NXP Semiconductors accounts for about 2.8% of Ground Swell Capital LLC's holdings, making the stock its 4th biggest position.

Several other institutional investors have also modified their holdings of the company. AlphaCore Capital LLC increased its position in NXP Semiconductors by 3.5% in the 1st quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider's stock worth $312,000 after purchasing an additional 55 shares during the last quarter. Manchester Capital Management LLC increased its position in NXP Semiconductors by 14.7% in the 1st quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider's stock worth $85,000 after purchasing an additional 57 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in NXP Semiconductors by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock worth $4,145,000 after purchasing an additional 58 shares during the last quarter. Hemington Wealth Management increased its position in NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 59 shares during the last quarter. Finally, Keel Point LLC increased its position in NXP Semiconductors by 4.7% in the 4th quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock worth $294,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Stock Down 1.2%

Shares of NXP Semiconductors stock traded down $2.76 during trading on Friday, reaching $228.78. The stock had a trading volume of 3,336,423 shares, compared to its average volume of 3,054,074. The company has a market capitalization of $57.68 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 2.59 and a beta of 1.41. The stock has a fifty day moving average price of $220.17 and a two-hundred day moving average price of $206.92. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $259.74. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99.

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

NXP Semiconductors Announces Dividend

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

Insider Activity

In related news, President Rafael Sotomayor sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $219.57, for a total value of $439,140.00. Following the completion of the sale, the president directly owned 4,958 shares in the company, valued at approximately $1,088,628.06. The trade was a 28.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jennifer Wuamett sold 9,132 shares of the business's 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 completion of the sale, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,917 shares of company stock valued at $4,082,002. 0.12% of the stock is owned by insiders.

Analyst Ratings Changes

NXPI has been the subject of several recent analyst reports. Needham & Company LLC increased their target price on NXP Semiconductors from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Barclays raised their price objective on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Evercore ISI reiterated an "outperform" rating and issued a $289.00 price objective (up previously from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Citigroup raised their target price on NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, KeyCorp raised their target price on NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus target price of $256.05.

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.