Stephens Inc. AR Buys 55,117 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Stephens Inc. AR grew its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 484.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,492 shares of the semiconductor provider's stock after acquiring an additional 55,117 shares during the period. Stephens Inc. AR's holdings in NXP Semiconductors were worth $12,637,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NXPI. Brighton Jones LLC raised its stake in shares of NXP Semiconductors by 20.6% during the fourth 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 in the last quarter. Proficio Capital Partners LLC bought a new position in NXP Semiconductors in the fourth quarter worth approximately $3,931,000. Wealthfront Advisers LLC bought a new position in NXP Semiconductors in the fourth quarter worth approximately $317,000. Moors & Cabot Inc. bought a new position in NXP Semiconductors in the fourth quarter worth approximately $282,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in NXP Semiconductors by 5.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,670 shares of the semiconductor provider's stock worth $4,088,000 after buying an additional 959 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $228.92 on Monday. The firm has a 50 day simple moving average of $210.01 and a 200-day simple moving average of $205.44. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47. The stock has a market cap of $57.83 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 2.85 and a beta of 1.40.

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 for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the prior year, the company posted $3.24 EPS. The business's revenue for the quarter was down 9.3% on a year-over-year basis. On average, analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders 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 annualized dividend and a dividend yield of 1.77%. NXP Semiconductors's dividend payout ratio (DPR) is 44.23%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NXPI. TD Cowen upped their price target on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group began coverage on NXP Semiconductors in a research report on Thursday. They set a "buy" rating and a $276.00 price target on the stock. Evercore ISI reaffirmed an "outperform" rating and set a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Needham & Company LLC reduced their price target on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, KeyCorp upped their price target on NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $251.63.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the transaction, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.12% of the stock is currently owned by company insiders.

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.

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