NXP Semiconductors N.V. $NXPI Holdings Boosted by NewEdge Advisors LLC

Key Points

• NewEdge Advisors increased its NXP Semiconductors stake by 235.9% in the first quarter, bringing its holdings to 41,652 shares valued at approximately $8.2 million. Institutional investors collectively own 90.54% of NXPI.
• Analysts maintain a generally positive outlook, with 16 Buy, nine Hold, and one Sell rating; the consensus is “Moderate Buy” with a $305.43 price target.
• NXP exceeded quarterly expectations, reporting $3.61 in adjusted EPS and $3.50 billion in revenue, while year-over-year revenue rose 19.5%. The company also pays a $1.014 quarterly dividend, yielding about 1.7% annually.

NewEdge Advisors LLC raised its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 235.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,652 shares of the semiconductor provider's stock after acquiring an additional 29,251 shares during the period. NewEdge Advisors LLC's holdings in NXP Semiconductors were worth $8,200,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of NXP Semiconductors by 20.6% in the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after purchasing an additional 218 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in NXP Semiconductors by 31.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider's stock worth $170,000 after buying an additional 187 shares during the last quarter. Marshall Wace LLP increased its position in NXP Semiconductors by 887.0% in the second quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider's stock worth $8,010,000 after buying an additional 32,945 shares during the period. Gamco Investors INC. ET AL acquired a new stake in NXP Semiconductors in the second quarter worth $555,000. Finally, Gabelli Funds LLC lifted its stake in NXP Semiconductors by 22.1% in the second quarter. Gabelli Funds LLC now owns 8,854 shares of the semiconductor provider's stock valued at $1,935,000 after buying an additional 1,600 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the company's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares of the company's stock, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a "neutral" rating in a report on Wednesday, April 29th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $290.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, July 29th. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Jefferies Financial Group upped their target price on shares of NXP Semiconductors from $265.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. Finally, Susquehanna raised their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $305.43.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $239.71 on Monday. The business's fifty day moving average is $281.17 and its two-hundred day moving average is $252.64. The stock has a market capitalization of $60.45 billion, a P/E ratio of 20.45, a P/E/G ratio of 0.82 and a beta of 1.82. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the company posted $2.72 EPS. NXP Semiconductors's revenue for the quarter was up 19.5% on a year-over-year basis. On average, research analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors's payout ratio is presently 34.64%.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source