Long Run Wealth Advisors LLC Buys 1,692 Shares of NXP Semiconductors (NASDAQ:NXPI)

Long Run Wealth Advisors LLC boosted its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 10.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,608 shares of the semiconductor provider's stock after buying an additional 1,692 shares during the period. Long Run Wealth Advisors LLC's holdings in NXP Semiconductors were worth $3,347,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Greenfield Savings Bank boosted its stake in NXP Semiconductors by 7.9% during the 1st quarter. Greenfield Savings Bank now owns 1,345 shares of the semiconductor provider's stock valued at $256,000 after purchasing an additional 99 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of NXP Semiconductors by 16.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 3,238 shares of the semiconductor provider's stock valued at $615,000 after purchasing an additional 461 shares in the last quarter. Bremer Bank National Association boosted its position in shares of NXP Semiconductors by 8.8% during the first quarter. Bremer Bank National Association now owns 20,638 shares of the semiconductor provider's stock valued at $3,922,000 after buying an additional 1,661 shares during the last quarter. Whipplewood Advisors LLC boosted its position in shares of NXP Semiconductors by 170,650.0% during the first quarter. Whipplewood Advisors LLC now owns 30,735 shares of the semiconductor provider's stock valued at $5,841,000 after buying an additional 30,717 shares during the last quarter. Finally, Bourgeon Capital Management LLC purchased a new stake in NXP Semiconductors in the 1st quarter valued at $289,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

NXP Semiconductors stock traded down $3.12 during trading on Thursday, reaching $206.90. The company had a trading volume of 2,362,152 shares, compared to its average volume of 2,701,638. The firm's 50-day simple moving average is $187.21 and its 200 day simple moving average is $205.89. NXP Semiconductors has a 52 week low of $148.09 and a 52 week 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. The firm has a market capitalization of $52.27 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $2.83 billion. During the same period in the previous year, the firm earned $3.24 EPS. The business's quarterly revenue was down 9.3% on a year-over-year basis. Sell-side analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of analyst reports. Susquehanna cut their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Citigroup cut their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, April 11th. TD Cowen increased their target price on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Finally, Truist Financial boosted their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $246.22.

Insider Activity

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at $1,808,504.08. The trade was a 10.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.12% of the company's stock.

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.