Visionary Horizons LLC Takes Position in NXP Semiconductors (NASDAQ:NXPI)

Visionary Horizons LLC bought a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,931 shares of the semiconductor provider’s stock, valued at approximately $451,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NXPI. Mariner LLC lifted its stake in shares of NXP Semiconductors by 20.5% during the 3rd quarter. Mariner LLC now owns 22,268 shares of the semiconductor provider’s stock valued at $4,452,000 after buying an additional 3,791 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of NXP Semiconductors by 3.5% during the 3rd quarter. Stifel Financial Corp now owns 79,898 shares of the semiconductor provider’s stock valued at $15,974,000 after buying an additional 2,670 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of NXP Semiconductors by 15.5% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,647 shares of the semiconductor provider’s stock valued at $729,000 after buying an additional 490 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of NXP Semiconductors by 31.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 334 shares of the semiconductor provider’s stock valued at $67,000 after buying an additional 80 shares in the last quarter. Finally, Operose Advisors LLC purchased a new stake in NXP Semiconductors in the 3rd quarter worth approximately $26,000. 90.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on NXPI shares. Argus increased their target price on shares of NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Mizuho upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. JPMorgan Chase & Co. increased their target price on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group increased their target price 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. Finally, Oppenheimer increased their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $267.80.

Insiders Place Their Bets

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the firm’s 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 sale, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Price Performance

NXPI stock opened at $268.17 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $286.87. The firm’s fifty day moving average is $262.08 and its 200 day moving average is $242.39. The firm has a market cap of $68.57 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.52 and a beta of 1.50.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. Research analysts predict that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

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.