NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Acquired by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its stake in NXP Semiconductors by 199.7% in Q1, acquiring an additional 7,064 shares, bringing its total to 10,601 shares valued at about $2,015,000.
• Insider selling was noted, with CFO William Betz selling 6,785 shares and EVP Jennifer Wuamett selling 9,132 shares, indicating significant decreases in their positions.
• NXP Semiconductors reported a net profit margin of 17.72% in its latest quarterly results, with earnings per share of $2.72, slightly above analyst estimates of $2.66.

HB Wealth Management LLC boosted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 199.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,601 shares of the semiconductor provider's stock after purchasing an additional 7,064 shares during the period. HB Wealth Management LLC's holdings in NXP Semiconductors were worth $2,015,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NXPI. FMR LLC lifted its position in NXP Semiconductors by 0.3% during the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock valued at $5,213,861,000 after purchasing an additional 86,716 shares during the period. Massachusetts Financial Services Co. MA raised 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 last quarter. Geode Capital Management LLC raised its stake in shares of NXP Semiconductors by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock valued at $1,088,094,000 after buying an additional 96,483 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of NXP Semiconductors by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after buying an additional 269,656 shares during the period. Finally, Pictet Asset Management Holding SA boosted its stake in shares of NXP Semiconductors by 10.6% in the first quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider's stock worth $858,902,000 after buying an additional 432,838 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Buying and Selling

In other NXP Semiconductors news, 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 value of $1,542,501.90. Following the completion of the sale, the chief financial officer directly owned 1,520 shares of the company's stock, valued at $345,556.80. This trade represents a 81.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction on Wednesday, July 2nd. The stock was 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 approximately $6,230,240. This represents a 25.21% decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Evercore ISI reiterated an "outperform" rating and set a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Citigroup raised their price objective on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. TD Cowen boosted 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. Wells Fargo & Company increased their price target on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, KGI Securities raised shares of NXP Semiconductors to a "strong-buy" rating in a report on Wednesday, July 23rd. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $256.05.

NXP Semiconductors Price Performance

NXPI stock traded down $5.36 during midday trading on Friday, reaching $208.41. The stock had a trading volume of 805,908 shares, compared to its average volume of 3,022,203. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $259.74. The company has a market cap of $52.55 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 2.49 and a beta of 1.40. The company's fifty day simple moving average is $216.49 and its 200 day simple moving average is $206.91. 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 posted its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share 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 company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $3.20 earnings per share. As a group, sell-side analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared 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 was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.9%. NXP Semiconductors's dividend payout ratio 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.