NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC increased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,902 shares of the semiconductor provider’s stock after purchasing an additional 304 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in NXP Semiconductors were worth $967,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in NXP Semiconductors by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock worth $2,529,129,000 after buying an additional 118,562 shares in the last quarter. Norges Bank purchased a new position in NXP Semiconductors during the fourth quarter worth $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after buying an additional 2,097,727 shares in the last quarter. Ameriprise Financial Inc. increased its position in NXP Semiconductors by 4.4% during the third quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider’s stock worth $440,841,000 after buying an additional 92,571 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of NXP Semiconductors by 5.8% in the third quarter. Morgan Stanley now owns 2,185,911 shares of the semiconductor provider’s stock valued at $437,008,000 after purchasing an additional 119,183 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Trading Up 1.5 %

Shares of NXPI opened at $269.09 on Friday. The stock’s 50-day moving average is $264.90 and its two-hundred day moving average is $243.06. The stock has a market cap of $68.80 billion, a PE ratio of 24.85, a P/E/G ratio of 2.48 and a beta of 1.50. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $286.87. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64.

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

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors 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 is currently 37.49%.

Insider Activity at NXP Semiconductors

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NXPI shares. Jefferies Financial Group started coverage on NXP Semiconductors in a research report on Monday, May 13th. They issued a “buy” rating and a $325.00 price objective for the company. The Goldman Sachs Group lifted their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Cantor Fitzgerald lifted their price objective on NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Oppenheimer lifted their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, TD Cowen lifted their price objective on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $267.80.

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.