Net Worth Advisory Group Raises Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Net Worth Advisory Group raised its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 129.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,668 shares of the semiconductor provider's stock after buying an additional 1,506 shares during the quarter. Net Worth Advisory Group's holdings in NXP Semiconductors were worth $507,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Smithfield Trust Co purchased a new stake in NXP Semiconductors during the 4th quarter valued at about $32,000. Runnymede Capital Advisors Inc. bought a new stake in NXP Semiconductors during the fourth quarter worth approximately $32,000. Ameriflex Group Inc. purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $44,000. Strategic Financial Concepts LLC bought a new position in NXP Semiconductors in the fourth quarter worth approximately $46,000. Finally, GoalVest Advisory LLC increased its position in shares of NXP Semiconductors by 472.9% in the 1st 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 period. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NXP Semiconductors

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

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $6.50 during trading on Friday, reaching $210.90. 1,839,860 shares of the company's stock traded hands, compared to its average volume of 2,729,182. The company has a 50 day moving average of $192.58 and a 200-day moving average of $205.18. 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 $53.28 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39. NXP Semiconductors has a 12 month low of $148.09 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the business posted $3.24 EPS. NXP Semiconductors's revenue was down 9.3% compared to the same quarter last year. On average, equities analysts expect 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 will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 44.12%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several recent research reports. Evercore ISI boosted their target price on NXP Semiconductors from $237.00 to $289.00 and gave the stock an "outperform" rating in a report on Thursday. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. TD Cowen lifted their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, Mizuho boosted their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Four 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.78.

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.