Venturi Wealth Management LLC Has $1.11 Million Stock Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Venturi Wealth Management LLC raised its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 68.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,833 shares of the semiconductor provider's stock after purchasing an additional 2,366 shares during the period. Venturi Wealth Management LLC's holdings in NXP Semiconductors were worth $1,109,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NXPI. FMR LLC boosted its stake in shares of NXP Semiconductors by 0.3% in the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock valued at $5,213,861,000 after purchasing an additional 86,716 shares during the period. Vanguard Group Inc. boosted its stake in shares of NXP Semiconductors by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider's stock valued at $2,769,048,000 after purchasing an additional 99,667 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of NXP Semiconductors by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider's stock valued at $1,545,958,000 after purchasing an additional 87,820 shares during the period. Geode Capital Management LLC boosted its stake in shares of NXP Semiconductors by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider's stock valued at $1,088,094,000 after purchasing an additional 96,483 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of NXP Semiconductors by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 4,729,345 shares of the semiconductor provider's stock valued at $982,994,000 after purchasing an additional 269,656 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on NXPI shares. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 22nd. UBS Group increased their target price on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Susquehanna increased their target price on shares of NXP Semiconductors from $195.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday. KeyCorp increased their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Needham & Company LLC increased their price objective on shares of NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $256.05.

Insider Activity

In related news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the transaction, the executive vice president directly owned 27,088 shares of the company's stock, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Performance

NXPI stock traded down $1.14 during midday trading on Friday, hitting $223.29. 2,160,678 shares of the company traded hands, compared to its average volume of 2,632,921. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $264.54. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.95. The business has a 50 day simple moving average of $215.14 and a 200-day simple moving average of $206.50. The stock has a market capitalization of $56.41 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 2.53 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.72%. NXP Semiconductors's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company posted $3.20 earnings per share. As a group, equities research analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.82%. NXP Semiconductors's dividend payout ratio is currently 48.27%.

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.