Sowell Financial Services LLC Purchases Shares of 1,681 NXP Semiconductors N.V. (NASDAQ:NXPI)

Sowell Financial Services LLC purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,681 shares of the semiconductor provider's stock, valued at approximately $320,000.

A number of other hedge funds also recently bought and sold shares of NXPI. Brighton Jones LLC increased its holdings in shares of NXP Semiconductors by 20.6% in the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock valued at $265,000 after acquiring an additional 218 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth about $46,000. Global Retirement Partners LLC raised its position in shares of NXP Semiconductors by 5.2% during the 4th quarter. Global Retirement Partners LLC now owns 2,191 shares of the semiconductor provider's stock worth $455,000 after acquiring an additional 108 shares in the last quarter. Drum Hill Capital LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth about $1,913,000. Finally, Wealthspire Advisors LLC raised its position in shares of NXP Semiconductors by 3.5% during the 4th quarter. Wealthspire Advisors LLC now owns 2,501 shares of the semiconductor provider's stock worth $520,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXPI stock opened at $209.00 on Friday. The firm has a 50 day moving average of $196.64 and a 200-day moving average of $204.63. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $296.08. 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 company has a market cap of $52.80 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 2.60 and a beta of 1.39.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the firm earned $3.24 EPS. The company's revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.94%. NXP Semiconductors's dividend payout ratio is currently 44.23%.

Analysts Set New Price Targets

A number of research firms recently commented on NXPI. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research report on Monday, April 21st. Barclays dropped their price objective on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus reduced their target price on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company raised their price target on NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $289.00 price target (up previously from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $244.78.

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.

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