NorthRock Partners LLC Purchases New Position in NXP Semiconductors (NASDAQ:NXPI)

NorthRock Partners LLC acquired a new stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,469 shares of the semiconductor provider's stock, valued at approximately $305,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sound Income Strategies LLC lifted its stake in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after purchasing an additional 88 shares during the period. Runnymede Capital Advisors Inc. acquired a new position in shares of NXP Semiconductors in the fourth quarter worth about $32,000. Smithfield Trust Co purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth about $32,000. Brooklyn Investment Group boosted its stake in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after acquiring an additional 66 shares in the last quarter. Finally, Asset Dedication LLC grew its position in shares of NXP Semiconductors by 126.6% during the 4th quarter. Asset Dedication LLC now owns 358 shares of the semiconductor provider's stock valued at $74,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Trading Down 0.1%

Shares of NXPI stock traded down $0.28 during trading hours on Tuesday, hitting $210.08. The company had a trading volume of 1,671,939 shares, compared to its average volume of 2,645,455. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The stock has a market capitalization of $53.07 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. The company's fifty day moving average is $188.70 and its 200 day moving average is $208.07. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08.

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

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is currently 44.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NXPI shares. Citigroup lowered their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. reduced their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Susquehanna decreased 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. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Barclays decreased their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average target price of $246.22.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction 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 directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

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.