Vest Financial LLC Acquires 1,987 Shares of NXP Semiconductors (NASDAQ:NXPI)

Vest Financial LLC raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 52.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,793 shares of the semiconductor provider's stock after acquiring an additional 1,987 shares during the period. Vest Financial LLC's holdings in NXP Semiconductors were worth $1,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors during the fourth quarter valued at approximately $32,000. Smithfield Trust Co bought a new position in NXP Semiconductors during the fourth quarter valued at approximately $32,000. Ameriflex Group Inc. bought a new position in NXP Semiconductors during the fourth quarter valued at approximately $44,000. GoalVest Advisory LLC grew its position in NXP Semiconductors by 472.9% during the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after acquiring an additional 227 shares during the last quarter. Finally, Manchester Capital Management LLC grew its position in NXP Semiconductors by 25.5% during the fourth quarter. Manchester Capital Management LLC now owns 389 shares of the semiconductor provider's stock valued at $81,000 after acquiring an additional 79 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares of the company's stock, valued at $1,808,504.08. The trade was a 10.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on NXPI shares. Mizuho raised their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Truist Financial raised their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Needham & Company LLC dropped their price target 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. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Finally, TD Cowen raised their price target on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Four 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $246.22.

NXP Semiconductors Stock Down 0.6%

NXP Semiconductors stock traded down $1.31 on Wednesday, hitting $217.41. 2,221,211 shares of the stock traded hands, compared to its average volume of 2,722,925. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm has a market cap of $54.92 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39. The business's fifty day simple moving average is $190.35 and its 200 day simple moving average is $205.56. NXP Semiconductors has a 1 year low of $148.09 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.05. The firm 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%. NXP Semiconductors's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.24 EPS. As a group, sell-side analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current year.

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.