Pictet Asset Management Holding SA grew its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 10.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,519,132 shares of the semiconductor provider's stock after purchasing an additional 432,838 shares during the quarter. NXP Semiconductors comprises approximately 1.0% of Pictet Asset Management Holding SA's portfolio, making the stock its 18th largest holding. Pictet Asset Management Holding SA owned approximately 1.78% of NXP Semiconductors worth $858,902,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Runnymede Capital Advisors Inc. purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $32,000. Valley National Advisers Inc. increased its stake 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 period. Ameriflex Group Inc. purchased a new stake in NXP Semiconductors during the fourth quarter worth approximately $44,000. Rossby Financial LCC purchased a new stake in NXP Semiconductors during the first quarter worth approximately $46,000. Finally, GoalVest Advisory LLC lifted its stake in 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 purchasing an additional 227 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at NXP Semiconductors
In related news, EVP Jennifer Wuamett sold 9,132 shares of the business's 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 of the company's stock, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.12% of the company's stock.
Wall Street Analyst Weigh In
NXPI has been the topic of a number of research reports. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Stifel Nicolaus lifted their price objective on NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a report on Friday. KeyCorp increased their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Barclays dropped their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group upped their price target on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $253.74.
Check Out Our Latest Analysis on NXP Semiconductors
NXP Semiconductors Stock Performance
NASDAQ NXPI traded down $0.27 during trading hours on Friday, reaching $224.23. The company's stock had a trading volume of 364,238 shares, compared to its average volume of 2,759,520. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The business has a 50-day simple moving average of $212.97 and a 200 day simple moving average of $205.84. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $285.55. The stock has a market cap of $56.65 billion, a PE ratio of 24.48, a PEG ratio of 2.75 and a beta of 1.40.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the prior year, the firm earned $3.24 EPS. NXP Semiconductors's quarterly revenue was down 9.3% on a year-over-year basis. Equities research analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.
NXP Semiconductors Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a dividend of $1.014 per share. The ex-dividend date of this dividend 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 44.23%.
About NXP Semiconductors
(
Free Report)
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.
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