Waverly Advisors LLC Invests $1.17 Million in NXP Semiconductors (NASDAQ:NXPI)

Waverly Advisors LLC bought a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,621 shares of the semiconductor provider's stock, valued at approximately $1,168,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust increased its stake in NXP Semiconductors by 9.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after acquiring an additional 51 shares during the period. Private Trust Co. NA increased its stake in NXP Semiconductors by 5.8% in the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after acquiring an additional 53 shares during the period. J. W. Coons Advisors LLC increased its stake in NXP Semiconductors by 2.1% in the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock valued at $618,000 after acquiring an additional 60 shares during the period. Hunter Associates Investment Management LLC increased its stake in NXP Semiconductors by 0.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider's stock valued at $4,180,000 after acquiring an additional 61 shares during the period. Finally, Kestra Investment Management LLC increased its stake in NXP Semiconductors by 7.2% in the fourth quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider's stock valued at $188,000 after acquiring an additional 61 shares during the period. Institutional investors own 90.54% of the company's stock.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.

NXP Semiconductors Trading Down 0.2%

NXPI traded down $0.41 during trading on Thursday, reaching $195.80. 530,276 shares of the company's stock were exchanged, compared to its average volume of 2,674,585. NXP Semiconductors has a one year low of $148.09 and a one year 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 stock has a market capitalization of $49.46 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. The firm has a fifty day moving average price of $187.83 and a two-hundred day moving average price of $206.78.

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

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.07%. NXP Semiconductors's payout ratio is presently 44.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays reduced their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Citigroup cut their price objective on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $246.22.

NXP Semiconductors Company 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.