Stanley Laman Group Ltd. Grows Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Stanley Laman Group Ltd. increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 6.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 20,350 shares of the semiconductor provider's stock after purchasing an additional 1,241 shares during the period. Stanley Laman Group Ltd.'s holdings in NXP Semiconductors were worth $3,868,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC boosted its position in NXP Semiconductors by 0.3% in the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock valued at $5,213,861,000 after buying an additional 86,716 shares during the period. Vanguard Group Inc. boosted its position in NXP Semiconductors by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after buying an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA boosted its position in NXP Semiconductors by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider's stock valued at $1,672,409,000 after buying an additional 144,391 shares during the period. Geode Capital Management LLC boosted its position in NXP Semiconductors by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock valued at $1,088,094,000 after buying an additional 96,483 shares during the period. Finally, Franklin Resources Inc. boosted its position in NXP Semiconductors by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after buying an additional 269,656 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.12% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Down 3.0%

NASDAQ:NXPI traded down $6.50 during midday trading on Friday, hitting $210.90. 1,839,860 shares of the company were exchanged, compared to its average volume of 2,724,985. The company has a fifty day simple moving average of $191.44 and a 200 day simple moving average of $205.45. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $53.28 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. NXP Semiconductors's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.24 earnings per share. As a group, equities analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders 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 dividend on an annualized basis and a yield of 1.92%. NXP Semiconductors's dividend payout ratio is presently 44.12%.

Analysts Set New Price Targets

Several brokerages have commented on NXPI. Needham & Company LLC decreased their price target on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Barclays decreased their price objective on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Truist Financial lifted their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Evercore ISI lifted their price objective on shares of NXP Semiconductors from $237.00 to $289.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Mizuho lifted their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $244.78.

About NXP Semiconductors

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.