Carret Asset Management LLC Has $565,000 Position in NXP Semiconductors (NASDAQ:NXPI)

Carret Asset Management LLC lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,280 shares of the semiconductor provider’s stock after selling 50 shares during the quarter. Carret Asset Management LLC’s holdings in NXP Semiconductors were worth $565,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NXPI. Teza Capital Management LLC acquired a new position in NXP Semiconductors during the third quarter valued at approximately $498,000. Ancora Advisors LLC lifted its stake in NXP Semiconductors by 111.6% in the third quarter. Ancora Advisors LLC now owns 273 shares of the semiconductor provider’s stock valued at $55,000 after buying an additional 144 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in NXP Semiconductors by 74.4% in the third quarter. Schonfeld Strategic Advisors LLC now owns 24,240 shares of the semiconductor provider’s stock valued at $4,846,000 after buying an additional 10,340 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in NXP Semiconductors by 474.5% in the third quarter. Glenmede Trust Co. NA now owns 65,502 shares of the semiconductor provider’s stock valued at $13,095,000 after buying an additional 54,101 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in NXP Semiconductors by 32.6% in the third quarter. Advisors Asset Management Inc. now owns 12,587 shares of the semiconductor provider’s stock valued at $2,516,000 after buying an additional 3,092 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NXPI shares. Oppenheimer lifted their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Argus lifted their price target on shares of NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. UBS Group lifted their price target on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $265.00 to $325.00 in a research report on Friday, May 24th. Finally, Jefferies Financial Group began coverage on shares of NXP Semiconductors in a research report on Monday, May 13th. They issued a “buy” rating and a $325.00 price objective on the stock. 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’s stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.80.

Insider Transactions at NXP Semiconductors

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

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $272.29 on Thursday. The firm has a market cap of $69.62 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 2.54 and a beta of 1.49. The business’s 50 day moving average is $266.77 and its 200-day moving average is $243.89. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $286.87.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.06 annualized dividend and a dividend yield of 1.49%. NXP Semiconductors’s dividend payout ratio 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.