NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in NXP Semiconductors (NASDAQ:NXPI) by 133.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,153 shares of the semiconductor provider’s stock after acquiring an additional 1,231 shares during the period. Farther Finance Advisors LLC’s holdings in NXP Semiconductors were worth $409,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NXPI. Norges Bank acquired a new position in NXP Semiconductors during the fourth quarter valued at approximately $672,224,000. Voloridge Investment Management LLC lifted its position in NXP Semiconductors by 131.4% during the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider’s stock valued at $213,154,000 after buying an additional 582,317 shares in the last quarter. GAMMA Investing LLC lifted its position in NXP Semiconductors by 26,732.0% during the first quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider’s stock valued at $110,969,000 after buying an additional 581,688 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in NXP Semiconductors by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock valued at $849,336,000 after buying an additional 500,413 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in NXP Semiconductors by 36.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider’s stock valued at $322,764,000 after buying an additional 414,932 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of recent research reports. Mizuho boosted their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Evercore ISI reissued an “outperform” rating and set a $289.00 target price (up from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. TD Cowen boosted their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Wells Fargo & Company boosted their target price on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Arete Research raised shares of NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $244.78.

NXP Semiconductors Stock Up 3.1%

NXPI stock opened at $217.53 on Tuesday. The firm has a market cap of $54.95 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 3.01 and a beta of 1.39. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The firm has a fifty day moving average price of $193.86 and a two-hundred day moving average price of $204.95. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The firm’s revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.24 earnings per share. Research analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.86%. NXP Semiconductors’s dividend payout ratio is currently 44.12%.

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.