Rhumbline Advisers Increases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Rhumbline Advisers lifted its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,739 shares of the semiconductor provider's stock after buying an additional 7,288 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of NXP Semiconductors worth $50,126,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Runnymede Capital Advisors Inc. purchased a new stake in shares of NXP Semiconductors in the fourth quarter worth about $32,000. Smithfield Trust Co purchased a new stake in NXP Semiconductors in the fourth quarter valued at approximately $32,000. Ameriflex Group Inc. purchased a new stake in NXP Semiconductors in the fourth quarter valued at approximately $44,000. GoalVest Advisory LLC raised its stake in NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after purchasing an additional 227 shares in the last quarter. Finally, Manchester Capital Management LLC raised its stake in NXP Semiconductors by 25.5% in the fourth quarter. Manchester Capital Management LLC now owns 389 shares of the semiconductor provider's stock valued at $81,000 after purchasing an additional 79 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research note on Monday, April 21st. Susquehanna lowered their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. TD Cowen raised their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Mizuho raised their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $246.22.

NXP Semiconductors Trading Down 1.5%

Shares of NXP Semiconductors stock traded down $3.12 on Thursday, hitting $206.90. The stock had a trading volume of 2,362,152 shares, compared to its average volume of 2,701,637. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08. The stock has a market cap of $52.27 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 3.01 and a beta of 1.38. The stock's 50-day simple moving average is $187.21 and its two-hundred day simple moving average is $205.89.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter last year, the business earned $3.24 earnings per share. The business's revenue was down 9.3% on a year-over-year basis. As a group, sell-side analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

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.