Northwest Investment Counselors LLC Invests $114,000 in NXP Semiconductors (NASDAQ:NXPI)

Northwest Investment Counselors LLC purchased a new position in shares of NXP Semiconductors (NASDAQ:NXPI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 462 shares of the semiconductor provider’s stock, valued at approximately $114,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NXPI. Operose Advisors LLC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at approximately $26,000. FinTrust Capital Advisors LLC increased its holdings in NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Valley National Advisers Inc. increased its holdings in NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in NXP Semiconductors in the 4th quarter valued at approximately $33,000. Finally, Rise Advisors LLC acquired a new stake in NXP Semiconductors in the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI opened at $267.27 on Tuesday. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $286.87. The stock has a market cap of $68.34 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.53 and a beta of 1.50. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The firm has a fifty day moving average price of $261.30 and a 200 day moving average price of $242.00.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share 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 during the quarter, compared to analysts’ expectations of $3.13 billion. As a group, sell-side analysts anticipate that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be paid a $1.014 dividend. The ex-dividend date is Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a yield of 1.52%. NXP Semiconductors’s dividend payout ratio is presently 37.49%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Argus lifted their target price on shares of NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. TD Cowen boosted their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Cantor Fitzgerald boosted their price target on shares of NXP Semiconductors from $290.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Mizuho upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. Finally, The Goldman Sachs Group boosted their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.80.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors 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 value of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors 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.