NXP Semiconductors N.V. $NXPI Position Increased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 27.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,214 shares of the semiconductor provider’s stock after purchasing an additional 3,692 shares during the period. Concurrent Investment Advisors LLC’s holdings in NXP Semiconductors were worth $3,736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bourgeon Capital Management LLC purchased a new stake in shares of NXP Semiconductors during the 3rd quarter worth about $1,310,000. Oliver Luxxe Assets LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $6,096,000. ING Groep NV increased its holdings in NXP Semiconductors by 27.5% in the third quarter. ING Groep NV now owns 104,850 shares of the semiconductor provider’s stock worth $23,877,000 after buying an additional 22,631 shares during the last quarter. Nordea Investment Management AB increased its holdings in NXP Semiconductors by 7.2% in the third quarter. Nordea Investment Management AB now owns 689,579 shares of the semiconductor provider’s stock worth $155,686,000 after buying an additional 46,426 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in NXP Semiconductors by 21.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,227,516 shares of the semiconductor provider’s stock valued at $507,241,000 after acquiring an additional 398,250 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Activity

In other news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the sale, the executive vice president directly owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the completion of the transaction, the executive vice president owned 5,389 shares in the company, valued at $1,261,187.67. The trade was a 45.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 10,865 shares of company stock valued at $2,508,416. 0.12% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on NXPI shares. Barclays reiterated an “overweight” rating and issued a $255.00 target price on shares of NXP Semiconductors in a research note on Thursday, January 15th. Stifel Nicolaus raised their price target on shares of NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a report on Friday. Citigroup reduced their price objective on shares of NXP Semiconductors from $285.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Cantor Fitzgerald reiterated an “overweight” rating on shares of NXP Semiconductors in a report on Tuesday, February 3rd. Finally, TD Cowen lowered their target price on shares of NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $250.59.

NXP Semiconductors Trading Down 2.9%

Shares of NXPI stock opened at $236.87 on Tuesday. NXP Semiconductors N.V. has a 12 month low of $176.26 and a 12 month high of $256.36. The company has a market cap of $59.82 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46. The company has a quick ratio of 1.38, a current ratio of 2.05 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $210.61 and its two-hundred day moving average is $217.00.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.04. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same period in the previous year, the company earned $3.18 earnings per share. NXP Semiconductors’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts predict that NXP Semiconductors N.V. will post 12.51 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is 51.01%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.