NXP Semiconductors N.V. $NXPI Shares Purchased by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital increased its stake in NXP Semiconductors by 43.5% in Q4 to 26,400 shares worth about $5.73 million, while institutional investors own roughly 90.54% of the stock.
• Two executive VPs sold shares recently: Jennifer Wuamett sold 12,425 shares for about $2.75 million (cutting her holding by 51.27%) and Andrew Micallef sold 1,000 shares for roughly $194,580.
• Analysts hold a consensus rating of "Moderate Buy" with an average price target of $253.67; NXP slightly beat Q4 EPS estimates ($3.35 vs. $3.31) and declared a quarterly dividend of $1.014 (annualized $4.06, yield ~2.2%).

Zevenbergen Capital Investments LLC raised its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 43.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,400 shares of the semiconductor provider's stock after buying an additional 8,000 shares during the period. Zevenbergen Capital Investments LLC's holdings in NXP Semiconductors were worth $5,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. JPL Wealth Management LLC purchased a new position in NXP Semiconductors in the third quarter valued at about $26,000. CNB Bank purchased a new stake in NXP Semiconductors during the 3rd quarter worth approximately $28,000. Wexford Capital LP acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at approximately $31,000. Kelleher Financial Advisors acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at approximately $31,000. Finally, Delos Wealth Advisors LLC purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $35,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Jennifer Wuamett sold 12,425 shares of the company's stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the completion of the transaction, the executive vice president directly owned 11,811 shares in the company, valued at $2,609,522.34. This represents a 51.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the sale, the executive vice president owned 9,942 shares in the company, valued at $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NXPI shares. Mizuho decreased their price target on shares of NXP Semiconductors from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, February 4th. Cantor Fitzgerald reissued an "overweight" rating on shares of NXP Semiconductors in a report on Tuesday, February 3rd. Needham & Company LLC restated a "buy" rating and issued a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 3rd. KeyCorp lifted their price target on NXP Semiconductors from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 4th. Finally, Evercore cut their price objective on NXP Semiconductors from $292.00 to $260.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average price target of $253.67.

NXP Semiconductors Trading Down 2.2%

NASDAQ NXPI opened at $187.39 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $256.36. The company has a 50-day simple moving average of $219.14 and a 200-day simple moving average of $218.81. The firm has a market capitalization of $47.35 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 0.86 and a beta of 1.45.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.04. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the prior year, the business earned $3.18 earnings per share. NXP Semiconductors's quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 25th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $4.06 annualized dividend and a dividend yield of 2.2%. NXP Semiconductors's dividend payout ratio (DPR) is 51.13%.

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.

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