LPL Financial LLC Has $43.93 Million Stock Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• LPL Financial LLC increased its stake in NXP Semiconductors by 5.8%, now owning $43.93 million worth of shares, after acquiring additional shares during the first quarter.
• Analysts have issued positive forecasts for NXP Semiconductors, with multiple firms raising their price targets, including Citigroup from $210 to $275 and JP Morgan from $205 to $240.
• NXP Semiconductors reported earnings of $2.72 per share for the latest quarter, exceeding expectations, while also announcing a quarterly dividend of $1.014 per share.

LPL Financial LLC lifted its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,113 shares of the semiconductor provider's stock after buying an additional 12,719 shares during the period. LPL Financial LLC owned approximately 0.09% of NXP Semiconductors worth $43,925,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NXPI. Oregon Public Employees Retirement Fund increased its position 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 buying an additional 58 shares during the period. Keel Point LLC grew its position in NXP Semiconductors by 4.7% in the 4th quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock worth $294,000 after purchasing an additional 64 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in NXP Semiconductors by 2.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,005 shares of the semiconductor provider's stock worth $571,000 after purchasing an additional 67 shares during the last quarter. DF Dent & Co. Inc. increased its stake in shares of NXP Semiconductors by 1.9% in the fourth quarter. DF Dent & Co. Inc. now owns 3,846 shares of the semiconductor provider's stock valued at $799,000 after purchasing an additional 72 shares during the period. Finally, Wright Investors Service Inc. raised its holdings in shares of NXP Semiconductors by 2.4% during the first quarter. Wright Investors Service Inc. now owns 3,047 shares of the semiconductor provider's stock valued at $579,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NXPI shares. Evercore ISI reaffirmed an "outperform" rating and set a $289.00 target price (up previously from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Truist Financial boosted their price target on shares of NXP Semiconductors from $230.00 to $252.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. UBS Group increased their price objective on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. TD Cowen boosted their target price on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, Citigroup increased their price target on NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $256.05.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded down $2.55 during mid-day trading on Wednesday, hitting $205.92. 2,747,565 shares of the company's stock traded hands, compared to its average volume of 3,025,114. 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 N.V. has a 12 month low of $148.09 and a 12 month high of $259.74. The firm has a 50 day moving average of $217.43 and a two-hundred day moving average of $206.82. The firm has a market capitalization of $51.92 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 2.40 and a beta of 1.41.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.06. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The company's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.20 earnings per share. On average, equities analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's payout ratio is presently 48.39%.

Insider Activity at NXP Semiconductors

In related news, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction dated 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 transaction, the chief financial officer directly owned 1,520 shares of the company's stock, valued at $345,556.80. The trade was a 81.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of 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 insiders.

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.