Nilsine Partners LLC Acquires 2,087 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Nilsine Partners LLC boosted its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 124.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,761 shares of the semiconductor provider's stock after buying an additional 2,087 shares during the quarter. Nilsine Partners LLC's holdings in NXP Semiconductors were worth $715,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NXPI. Smithfield Trust Co bought a new position in NXP Semiconductors during the 4th quarter worth approximately $32,000. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors during the 4th quarter worth approximately $32,000. Ameriflex Group Inc. bought a new position in NXP Semiconductors during the 4th quarter worth approximately $44,000. Strategic Financial Concepts LLC bought a new position in NXP Semiconductors during the 4th quarter worth approximately $46,000. Finally, GoalVest Advisory LLC raised its holdings in NXP Semiconductors by 472.9% during the 1st 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. Institutional investors own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, June 16th. UBS Group reduced their price target on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a research report on Monday, April 21st. Needham & Company LLC reduced their price target on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $244.78.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $209.00 on Friday. The stock has a market cap of $52.80 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.60 and a beta of 1.39. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $296.08. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The stock's fifty day simple moving average is $196.64 and its two-hundred day simple moving average is $204.63.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results 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 company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.24 EPS. As a group, analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's payout ratio is 44.23%.

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.

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