Sequoia Financial Advisors LLC Increases Stock Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Sequoia Financial Advisors LLC boosted its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,855 shares of the semiconductor provider's stock after buying an additional 7,728 shares during the quarter. Sequoia Financial Advisors LLC's holdings in NXP Semiconductors were worth $20,879,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $32,000. Runnymede Capital Advisors Inc. acquired a new stake in NXP Semiconductors in the fourth quarter valued at approximately $32,000. Ameriflex Group Inc. purchased a new position in NXP Semiconductors in the fourth quarter worth $44,000. GoalVest Advisory LLC grew its holdings in NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after purchasing an additional 227 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of NXP Semiconductors by 377.9% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 411 shares of the semiconductor provider's stock worth $85,000 after purchasing an additional 325 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded up $2.02 on Thursday, hitting $218.30. 2,216,033 shares of the company's stock traded hands, compared to its average volume of 2,730,433. The firm's 50-day moving average price is $199.33 and its two-hundred day moving average price is $204.66. The firm has a market capitalization of $55.15 billion, a PE ratio of 23.78, a P/E/G ratio of 2.72 and a beta of 1.39. 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 N.V. 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 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 19.16% and a return on equity of 29.62%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the firm posted $3.24 earnings per share. The firm's quarterly revenue was down 9.3% on a year-over-year basis. As a group, analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.86%. NXP Semiconductors's payout ratio is 44.12%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citigroup decreased their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. TD Cowen increased their price target on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. UBS Group lowered their price target on NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Barclays dropped their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average price target of $244.78.

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.