Princeton Capital Management LLC Has $2.65 Million Stake in NXP Semiconductors N.V. (NASDAQ:NXPI)

Princeton Capital Management LLC trimmed its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 24.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,924 shares of the semiconductor provider's stock after selling 4,461 shares during the period. NXP Semiconductors comprises about 0.9% of Princeton Capital Management LLC's investment portfolio, making the stock its 19th largest position. Princeton Capital Management LLC's holdings in NXP Semiconductors were worth $2,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new position in shares of NXP Semiconductors during the fourth quarter worth approximately $44,000. Valley National Advisers Inc. lifted 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 valued at $43,000 after acquiring an additional 126 shares during the period. Rossby Financial LCC acquired a new position in shares of NXP Semiconductors during the first quarter valued at $46,000. GoalVest Advisory LLC lifted its stake 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 valued at $52,000 after acquiring an additional 227 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of NXP Semiconductors by 112.1% during the first quarter. Cullen Frost Bankers Inc. now owns 316 shares of the semiconductor provider's stock valued at $60,000 after acquiring an additional 167 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Up 1.4%

Shares of NASDAQ:NXPI traded up $3.20 during mid-day trading on Monday, reaching $226.49. 831,145 shares of the stock were exchanged, compared to its average volume of 3,039,522. 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 company has a market cap of $57.22 billion, a P/E ratio of 27.00, a P/E/G ratio of 2.52 and a beta of 1.40. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $264.54. The stock's 50 day simple moving average is $215.14 and its 200-day simple moving average is $206.47.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. NXP Semiconductors's quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the company earned $3.20 earnings per share. As a group, equities research analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.79%. NXP Semiconductors's dividend payout ratio is 48.39%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NXPI. The Goldman Sachs Group began coverage on NXP Semiconductors in a research note on Thursday, July 10th. They set a "buy" rating and a $276.00 price target on the stock. KeyCorp upped their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research note on Monday, April 21st. Susquehanna increased their target price on NXP Semiconductors from $195.00 to $210.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company increased their target price on NXP Semiconductors from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $256.05.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the firm'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 value of $2,100,360.00. Following the completion of the transaction, the executive vice president directly owned 27,088 shares in the company, valued at $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is currently owned by corporate insiders.

NXP Semiconductors 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.