Cerity Partners LLC Has $6.02 Million Stock Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Cerity Partners LLC increased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 14.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,959 shares of the semiconductor provider's stock after acquiring an additional 4,079 shares during the period. Cerity Partners LLC's holdings in NXP Semiconductors were worth $6,019,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NXPI. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $32,000. Valley National Advisers Inc. lifted its holdings in shares of NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after buying an additional 126 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of NXP Semiconductors during the fourth quarter worth approximately $44,000. Rossby Financial LCC acquired a new position in shares of NXP Semiconductors during the first quarter worth approximately $46,000. Finally, GoalVest Advisory LLC increased its position in shares of 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 purchasing an additional 227 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NXPI. The Goldman Sachs Group assumed coverage on NXP Semiconductors in a research report on Thursday, July 10th. They set a "buy" rating and a $276.00 price objective on the stock. TD Cowen boosted their target price on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a report on Monday, April 21st. Finally, Barclays lowered their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus price target of $251.63.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the transaction, the executive vice president owned 27,088 shares in the company, valued at $6,230,240. This trade represents a 25.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Performance

Shares of NXPI traded up $3.92 during mid-day trading on Thursday, reaching $224.50. The company's stock had a trading volume of 1,980,460 shares, compared to its average volume of 2,768,810. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $285.55. The stock has a market cap of $56.72 billion, a P/E ratio of 24.46, a PEG ratio of 2.75 and a beta of 1.40. The business has a 50-day simple moving average of $212.25 and a two-hundred day simple moving average of $205.73. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $2.84 billion during 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 was down 9.3% on a year-over-year basis. During the same period last year, the firm posted $3.24 earnings per share. As a group, equities research analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.81%. NXP Semiconductors's dividend payout ratio (DPR) is currently 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.