Cetera Investment Advisers Acquires 3,028 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Cetera Investment Advisers has increased its holdings in NXP Semiconductors by 4.5%, acquiring a total of 69,995 shares, valued at approximately $13.30 million at the end of the last quarter.
• Analysts have a consensus rating of "Moderate Buy" for NXP Semiconductors, with target prices ranging from $210.00 to $289.00.
• NXP Semiconductors reported a 6.4% revenue decline year-over-year in their latest earnings report, despite surpassing earnings expectations with $2.72 per share compared to the anticipated $2.66.

Cetera Investment Advisers grew its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,995 shares of the semiconductor provider's stock after acquiring an additional 3,028 shares during the period. Cetera Investment Advisers' holdings in NXP Semiconductors were worth $13,303,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Valley National Advisers Inc. raised its holdings in 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 purchasing an additional 126 shares in the last quarter. Ameriflex Group Inc. purchased a new position in NXP Semiconductors during the 4th quarter worth approximately $44,000. Rossby Financial LCC purchased a new position in NXP Semiconductors during the 1st quarter worth approximately $46,000. GoalVest Advisory LLC raised its holdings 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 worth $52,000 after acquiring an additional 227 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of NXP Semiconductors by 112.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 316 shares of the semiconductor provider's stock valued at $60,000 after purchasing an additional 167 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the sale, the chief financial officer directly owned 1,520 shares of the company's stock, valued at approximately $345,556.80. The trade was a 81.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction that occurred 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 sale, the executive vice president owned 27,088 shares in the company, valued at approximately $6,230,240. This represents a 25.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded down $3.85 during mid-day trading on Friday, reaching $209.92. 2,554,398 shares of the company were exchanged, compared to its average volume of 3,034,678. The company's 50-day simple moving average is $216.49 and its 200-day simple moving average is $206.91. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $52.93 billion, a P/E ratio of 25.02, a P/E/G ratio of 2.49 and a beta of 1.40. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $259.74.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results 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 27.99%. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter last year, the company posted $3.20 EPS. NXP Semiconductors's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, research analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were paid a $1.014 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.9%. NXP Semiconductors's payout ratio is 48.39%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. KGI Securities upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Wednesday, July 23rd. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research report on Monday, April 21st. Needham & Company LLC increased their price objective on shares of NXP Semiconductors from $225.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Finally, Stifel Nicolaus upped their target price on shares of NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a research note on Friday, July 18th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $256.05.

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.