Lifeworks Advisors LLC Has $2.34 Million Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Lifeworks Advisors LLC grew its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 16.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,289 shares of the semiconductor provider's stock after buying an additional 1,703 shares during the quarter. Lifeworks Advisors LLC's holdings in NXP Semiconductors were worth $2,336,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. FMR LLC raised its position in shares of NXP Semiconductors by 0.3% in the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after acquiring an additional 86,716 shares in the last quarter. Vanguard Group Inc. raised its position 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 worth $2,769,048,000 after acquiring an additional 99,667 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of NXP Semiconductors by 1.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider's stock worth $1,545,958,000 after acquiring an additional 87,820 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NXP Semiconductors by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock worth $1,088,094,000 after acquiring an additional 96,483 shares in the last quarter. Finally, Franklin Resources Inc. raised its position 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 worth $982,994,000 after acquiring an additional 269,656 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of the 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 completion of the sale, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. This represents a 25.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

NXP Semiconductors Price Performance

NXPI stock traded down $1.14 during mid-day trading on Friday, reaching $223.29. 2,160,678 shares of the company's stock were exchanged, compared to its average volume of 2,632,921. The company has a market cap of $56.41 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 2.55 and a beta of 1.40. The stock's 50 day moving average is $215.14 and its 200 day moving average is $206.52. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $264.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.74 and a quick ratio of 1.47.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. NXP Semiconductors had a return on equity of 27.72% and a net margin of 17.72%. The firm's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.20 earnings per share. On average, research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 48.39%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several recent analyst reports. Evercore ISI reaffirmed an "outperform" rating and set a $289.00 target price (up from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Citigroup upped their target price on NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Wells Fargo & Company upped their target price on NXP Semiconductors from $250.00 to $260.00 and gave the company an "overweight" rating in a research report on Wednesday. KeyCorp upped their target price on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, TD Cowen upped their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average target price of $256.05.

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.