NBC Securities Inc. Boosts Stake in NXP Semiconductors (NASDAQ:NXPI)

NBC Securities Inc. raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 102,769.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,373 shares of the semiconductor provider's stock after acquiring an additional 13,360 shares during the quarter. NBC Securities Inc.'s holdings in NXP Semiconductors were worth $2,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smithfield Trust Co acquired a new position in shares of NXP Semiconductors during the fourth quarter worth $32,000. Runnymede Capital Advisors Inc. purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at approximately $32,000. Ameriflex Group Inc. purchased a new stake in NXP Semiconductors during the 4th quarter worth approximately $44,000. Strategic Financial Concepts LLC purchased a new position in NXP Semiconductors in the 4th quarter worth $46,000. Finally, GoalVest Advisory LLC raised its stake in shares of NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after purchasing an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. The trade was a 10.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is owned by insiders.

NXP Semiconductors Price Performance

NXPI traded up $6.15 during trading on Tuesday, reaching $198.96. The company's stock had a trading volume of 2,865,786 shares, compared to its average volume of 2,689,038. The company has a market cap of $50.26 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 3.01 and a beta of 1.38. The firm has a fifty day simple moving average of $186.83 and a two-hundred day simple moving average of $205.91. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

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

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NXPI shares. Needham & Company LLC reduced their price objective on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. UBS Group lowered their price target on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. TD Cowen lifted their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Finally, Stifel Nicolaus dropped their target price on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $246.22.

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.