Wakefield Asset Management LLLP Takes Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Wakefield Asset Management LLLP purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,533 shares of the semiconductor provider's stock, valued at approximately $291,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dynamic Advisor Solutions LLC increased its position in shares of NXP Semiconductors by 15.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock valued at $1,004,000 after purchasing an additional 698 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of NXP Semiconductors during the 1st quarter valued at $320,000. Farther Finance Advisors LLC increased its position in shares of NXP Semiconductors by 133.5% during the 1st quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock valued at $409,000 after purchasing an additional 1,231 shares during the last quarter. M&T Bank Corp increased its position in shares of NXP Semiconductors by 14.5% during the 1st quarter. M&T Bank Corp now owns 7,436 shares of the semiconductor provider's stock valued at $1,413,000 after purchasing an additional 943 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of NXP Semiconductors by 18.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 12,653 shares of the semiconductor provider's stock valued at $2,418,000 after purchasing an additional 1,951 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI traded down $1.14 during trading hours on Friday, reaching $223.29. 2,160,678 shares of the stock traded hands, compared to its average volume of 2,632,921. The company has a market capitalization of $56.41 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 2.55 and a beta of 1.40. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.95. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $264.54. The company's 50-day simple moving average is $215.14 and its two-hundred day simple moving average is $206.52.

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 for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. The company had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.90 billion. NXP Semiconductors had a return on equity of 27.72% and a net margin of 17.72%. NXP Semiconductors's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the firm posted $3.20 EPS. Equities research analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders 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 dividend on an annualized basis and a yield of 1.82%. NXP Semiconductors's dividend payout ratio (DPR) is currently 48.39%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NXPI shares. TD Cowen lifted their price objective on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. KeyCorp lifted their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $205.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday. Cantor Fitzgerald reissued an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday. Finally, Truist Financial lifted their price objective on NXP Semiconductors from $230.00 to $252.00 and gave the stock a "buy" rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.05.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction that occurred on 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is 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.