Mather Group LLC. Purchases Shares of 459 NXP Semiconductors (NASDAQ:NXPI)

Mather Group LLC. bought a new stake in NXP Semiconductors (NASDAQ:NXPI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 459 shares of the semiconductor provider’s stock, valued at approximately $105,000.

Other hedge funds have also made changes to their positions in the company. Operose Advisors LLC bought a new stake in shares of NXP Semiconductors in the third quarter valued at about $26,000. FinTrust Capital Advisors LLC raised its position in NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares in the last quarter. Valley National Advisers Inc. raised its position in NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares in the last quarter. ICA Group Wealth Management LLC acquired a new position in NXP Semiconductors in the fourth quarter worth about $33,000. Finally, Atticus Wealth Management LLC raised its position in NXP Semiconductors by 358.7% in the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock worth $42,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several recent research reports. Oppenheimer increased their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Argus increased their price target on shares of NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Truist Financial raised their price objective on shares of NXP Semiconductors from $265.00 to $291.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, The Goldman Sachs Group raised their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $267.80.

Insider Transactions at NXP Semiconductors

In other news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $271.03 on Friday. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $286.87. The stock has a market cap of $69.30 billion, a PE ratio of 25.03, a PEG ratio of 2.47 and a beta of 1.50. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. The firm’s 50 day moving average price is $260.55 and its two-hundred day moving average price is $241.12.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. As a group, analysts forecast that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be given a dividend of $1.014 per share. The ex-dividend date is Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.50%. NXP Semiconductors’s dividend payout ratio is 37.49%.

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.