IFP Advisors Inc Purchases 1,627 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

IFP Advisors Inc lifted its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 77.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,718 shares of the semiconductor provider's stock after purchasing an additional 1,627 shares during the period. IFP Advisors Inc's holdings in NXP Semiconductors were worth $708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund lifted its holdings in shares of NXP Semiconductors by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock valued at $4,145,000 after purchasing an additional 58 shares in the last quarter. Keel Point LLC increased its position in NXP Semiconductors by 4.7% during the fourth quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock worth $294,000 after buying an additional 64 shares during the last quarter. MV Capital Management Inc. increased its position in NXP Semiconductors by 10.4% during the fourth quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider's stock worth $145,000 after buying an additional 66 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of NXP Semiconductors by 2.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,005 shares of the semiconductor provider's stock worth $571,000 after acquiring an additional 67 shares during the period. Finally, DF Dent & Co. Inc. boosted its holdings in shares of NXP Semiconductors by 1.9% during the fourth quarter. DF Dent & Co. Inc. now owns 3,846 shares of the semiconductor provider's stock worth $799,000 after acquiring an additional 72 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

Shares of NXPI traded down $1.14 during mid-day trading on Friday, reaching $223.29. 2,160,678 shares of the stock traded hands, compared to its average volume of 2,632,921. The firm has a fifty day moving average price of $215.14 and a 200 day moving average price of $206.52. The company has a market cap of $56.41 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 2.55 and a beta of 1.40. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.95. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $264.54.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.72%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm posted $3.20 EPS. The firm's revenue was down 6.4% compared to the same quarter last year. As a group, equities research analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 48.39%.

Analyst Ratings Changes

NXPI has been the subject of several recent analyst reports. Needham & Company LLC upped 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. Evercore ISI reissued an "outperform" rating and set a $289.00 price objective (up previously from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Barclays increased their price objective on shares of NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a research report on Tuesday. UBS Group increased their price objective on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company increased their price objective on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $256.05.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the sale, the executive vice president directly owned 27,088 shares of the company's stock, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.12% of the company's stock.

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.