IronOak Wealth LLC. Invests $345,000 in NXP Semiconductors (NASDAQ:NXPI)

IronOak Wealth LLC. purchased a new stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,662 shares of the semiconductor provider's stock, valued at approximately $345,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smithfield Trust Co acquired a new stake in NXP Semiconductors during the fourth quarter valued at approximately $32,000. Runnymede Capital Advisors Inc. acquired a new stake in NXP Semiconductors during the fourth quarter valued at approximately $32,000. Ameriflex Group Inc. acquired a new stake in NXP Semiconductors during the fourth quarter valued at approximately $44,000. Strategic Financial Concepts LLC acquired a new stake in NXP Semiconductors during the fourth quarter valued at approximately $46,000. Finally, Asset Dedication LLC boosted its holdings in NXP Semiconductors by 126.6% during the fourth quarter. Asset Dedication LLC now owns 358 shares of the semiconductor provider's stock valued at $74,000 after purchasing an additional 200 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.12% of the company's stock.

NXP Semiconductors Trading Down 3.3%

NXP Semiconductors stock traded down $6.40 during mid-day trading on Friday, hitting $189.49. The stock had a trading volume of 4,292,649 shares, compared to its average volume of 2,693,652. The stock has a 50-day simple moving average of $187.52 and a two-hundred day simple moving average of $206.56. The stock has a market capitalization of $47.87 billion, a PE ratio of 19.47, a P/E/G ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the firm posted $3.24 earnings per share. The company's quarterly revenue was down 9.3% on a year-over-year basis. As a group, sell-side analysts forecast that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.14%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's payout ratio is 44.12%.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of recent research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Mizuho lifted their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Needham & Company LLC reduced 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. JPMorgan Chase & Co. reduced their target price on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Finally, Barclays reduced their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $246.22.

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.