1,395 Shares in NXP Semiconductors (NASDAQ:NXPI) Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC purchased a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,395 shares of the semiconductor provider's stock, valued at approximately $265,000.

Other hedge funds have also recently modified their holdings of the company. Smithfield Trust Co bought a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $32,000. Runnymede Capital Advisors Inc. acquired a new position in NXP Semiconductors during the 4th quarter valued at about $32,000. Ameriflex Group Inc. purchased a new stake in NXP Semiconductors in the fourth quarter valued at about $44,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors during the fourth quarter valued at about $46,000. Finally, GoalVest Advisory LLC increased its holdings 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 in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on NXPI. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research note on Monday, April 21st. TD Cowen upped their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Needham & Company LLC reduced their target price on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, Citigroup lowered their price target on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.78.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded up $6.69 during midday trading on Monday, reaching $217.59. 1,738,583 shares of the stock were exchanged, compared to its average volume of 2,725,217. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The firm has a market cap of $54.97 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 3.01 and a beta of 1.39. The firm has a 50-day simple moving average of $192.58 and a two-hundred day simple moving average of $205.03. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating 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 company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the business earned $3.24 earnings per share. The firm's revenue was down 9.3% on a year-over-year basis. As a group, analysts anticipate that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.86%. NXP Semiconductors's dividend payout ratio is presently 44.12%.

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.