NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,490 shares of the semiconductor provider’s stock after buying an additional 167 shares during the period. Gulf International Bank UK Ltd’s holdings in NXP Semiconductors were worth $5,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Operose Advisors LLC acquired a new position in NXP Semiconductors in the 3rd quarter worth $26,000. FinTrust Capital Advisors LLC increased its position in shares of NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after acquiring an additional 49 shares during the last quarter. Valley National Advisers Inc. lifted its stake in shares of 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 acquiring an additional 68 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in NXP Semiconductors in the fourth quarter valued at about $33,000. Finally, Rise Advisors LLC purchased a new position in NXP Semiconductors in the first quarter valued at about $35,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NXPI shares. Evercore ISI lifted their target price on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company boosted their price target on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $265.00 to $325.00 in a report on Friday, May 24th. UBS Group lifted their price objective on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, Oppenheimer upped their target price 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $267.80.

Insider Activity at NXP Semiconductors

In related news, CEO Kurt Sievers sold 8,548 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the transaction, the chief executive officer now owns 177,889 shares in the company, valued at approximately $49,052,891.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Trading Up 2.4 %

NXPI stock opened at $271.03 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $286.87. The company has a market cap of $69.30 billion, a P/E ratio of 25.03, a PEG ratio of 2.47 and a beta of 1.50. The business has a fifty day moving average of $260.55 and a 200-day moving average of $241.36.

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

NXP Semiconductors Dividend Announcement

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