Kovitz Investment Group Partners LLC Raises Stock Holdings in NXP Semiconductors N.V. $NXPI

Key Points

• Kovitz Investment Group Partners LLC increased its holdings in NXP Semiconductors by 105.7%, totaling 8,896 shares valued at $1.69 million.
• NXP Semiconductors reported earnings of $2.72 per share for the latest quarter, exceeding analysts' expectations, although revenue decreased by 6.4% year-over-year.
• Several analysts have raised their price targets for NXP Semiconductors, with a current target range averaging around $256.05, indicating a favorable outlook for the stock.

Kovitz Investment Group Partners LLC raised its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 105.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,896 shares of the semiconductor provider's stock after buying an additional 4,571 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in NXP Semiconductors were worth $1,691,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. AlphaCore Capital LLC grew its holdings in shares of NXP Semiconductors by 3.5% during the 1st quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider's stock worth $312,000 after acquiring an additional 55 shares during the period. Manchester Capital Management LLC grew its stake in NXP Semiconductors by 14.7% in the first 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 period. Oregon Public Employees Retirement Fund grew its stake in NXP Semiconductors by 0.3% in the first 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 period. Hemington Wealth Management raised its holdings in NXP Semiconductors by 50.0% in the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 59 shares in the last quarter. Finally, Keel Point LLC lifted its position in NXP Semiconductors by 4.7% during the fourth quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock valued at $294,000 after buying an additional 64 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO William Betz sold 6,785 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were 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 directly owned 1,520 shares in the company, valued at approximately $345,556.80. The trade was a 81.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Rafael Sotomayor sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total transaction of $439,140.00. Following the sale, the president directly owned 4,958 shares of the company's stock, valued at approximately $1,088,628.06. This represents a 28.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,917 shares of company stock valued at $4,082,002 in the last ninety days. 0.12% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Up 4.9%

NXPI traded up $10.90 during trading on Friday, hitting $234.83. 2,993,968 shares of the company's stock traded hands, compared to its average volume of 2,764,825. The stock has a market capitalization of $59.21 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 2.66 and a beta of 1.41. The company's 50 day simple moving average is $221.60 and its two-hundred day simple moving average is $207.61. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $257.61. 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. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%.The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the previous year, the business earned $3.20 earnings per share. The company's revenue was down 6.4% on a year-over-year basis. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. 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 disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors's dividend payout ratio is 48.39%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, July 22nd. Stifel Nicolaus raised their target price on shares of NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a research note on Friday, July 18th. The Goldman Sachs Group initiated coverage on shares of NXP Semiconductors in a report on Thursday, July 10th. They set a "buy" rating and a $276.00 target price for the company. KeyCorp upped their price target on NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Barclays boosted their target price on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $256.05.

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.