Whipplewood Advisors LLC Raises Holdings in NXP Semiconductors (NASDAQ:NXPI)

Whipplewood Advisors LLC raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 170,650.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,735 shares of the semiconductor provider's stock after purchasing an additional 30,717 shares during the period. NXP Semiconductors accounts for 1.8% of Whipplewood Advisors LLC's portfolio, making the stock its 9th largest position. Whipplewood Advisors LLC's holdings in NXP Semiconductors were worth $5,841,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NXPI. Smithfield Trust Co purchased a new position in NXP Semiconductors in the fourth quarter valued at about $32,000. Runnymede Capital Advisors Inc. bought a new stake in NXP Semiconductors during the fourth quarter valued at $32,000. Ameriflex Group Inc. acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $44,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors during the fourth quarter valued at $46,000. Finally, GoalVest Advisory LLC grew its position in NXP Semiconductors by 472.9% in the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after purchasing an additional 227 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NXPI has been the subject of a number of research analyst reports. Needham & Company LLC reduced 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 note on Tuesday, April 29th. Citigroup reduced their target price on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. TD Cowen lifted their price target on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Truist Financial boosted their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NXP Semiconductors presently has an average rating of "Moderate Buy" and an average price target of $246.22.

NXP Semiconductors Stock Performance

NXPI stock traded down $3.12 during midday trading on Thursday, hitting $206.90. 2,337,425 shares of the company traded hands, compared to its average volume of 2,701,633. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The stock has a market capitalization of $52.27 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The business has a 50 day simple moving average of $187.21 and a 200-day simple moving average of $205.89.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The business 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 revenue was down 9.3% compared to the same quarter last year. During the same period last year, the business posted $3.24 EPS. As a group, equities research analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current year.

Insider Buying and Selling

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

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.