Nemes Rush Group LLC Grows Stock Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Nemes Rush Group LLC increased its holdings in NXP Semiconductors by 5.0% during the first quarter, acquiring an additional 1,639 shares, bringing its total to 34,369 shares valued at $6,532,000.
• NXP Semiconductors reported earnings per share (EPS) of $2.72, beating analysts' expectations, with a quarterly revenue of $2.93 billion, although this represents a 6.4% decline compared to the same quarter last year.
• The company recently declared a quarterly dividend of $1.014, with a yield of 1.82%, reflecting a dividend payout ratio of 48.27%.

Nemes Rush Group LLC lifted its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,369 shares of the semiconductor provider's stock after buying an additional 1,639 shares during the period. Nemes Rush Group LLC's holdings in NXP Semiconductors were worth $6,532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its stake in NXP Semiconductors by 20.6% in the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock valued at $265,000 after buying an additional 218 shares during the period. New Age Alpha Advisors LLC bought a new stake in NXP Semiconductors in the fourth quarter valued at approximately $3,826,000. DnB Asset Management AS raised its stake in NXP Semiconductors by 6.4% in the fourth quarter. DnB Asset Management AS now owns 45,182 shares of the semiconductor provider's stock valued at $9,391,000 after buying an additional 2,704 shares during the period. Brown Brothers Harriman & Co. raised its stake in NXP Semiconductors by 10.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 4,187 shares of the semiconductor provider's stock valued at $870,000 after buying an additional 396 shares during the period. Finally, Allstate Corp bought a new stake in NXP Semiconductors in the fourth quarter valued at approximately $1,579,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors 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 transaction of $2,100,360.00. Following the sale, the executive vice president owned 27,088 shares in the company, valued at $6,230,240. This represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the sale, the chief financial officer directly owned 1,520 shares of the company's stock, valued at $345,556.80. This represents a 81.70% decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

NXP Semiconductors Trading Down 3.2%

Shares of NASDAQ:NXPI traded down $7.00 during midday trading on Thursday, reaching $213.94. The company's stock had a trading volume of 1,053,193 shares, compared to its average volume of 3,025,874. The firm has a market capitalization of $53.94 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.56 and a beta of 1.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74. The firm has a 50 day moving average price of $216.14 and a two-hundred day moving average price of $206.86. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $264.54.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The firm had revenue of $2.93 billion during 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 revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.20 EPS. As a group, analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.90%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is 48.39%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Susquehanna upped their price objective on NXP Semiconductors from $195.00 to $210.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Barclays increased their target price on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. KGI Securities upgraded NXP Semiconductors to a "strong-buy" rating in a research note on Wednesday, July 23rd. UBS Group increased their target price on NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Needham & Company LLC increased their target price on NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently 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.