Bourgeon Capital Management LLC Purchases 2,999 Shares of NXP Semiconductors N.V. $NXPI

Bourgeon Capital Management LLC boosted its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 52.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,750 shares of the semiconductor provider’s stock after acquiring an additional 2,999 shares during the period. Bourgeon Capital Management LLC’s holdings in NXP Semiconductors were worth $1,899,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Oliver Luxxe Assets LLC bought a new position in NXP Semiconductors during the third quarter worth $6,096,000. Deprince Race & Zollo Inc. boosted its holdings in NXP Semiconductors by 8.1% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 149,789 shares of the semiconductor provider’s stock valued at $34,111,000 after purchasing an additional 11,254 shares during the period. ING Groep NV boosted its holdings in NXP Semiconductors by 27.5% in the 3rd quarter. ING Groep NV now owns 104,850 shares of the semiconductor provider’s stock valued at $23,877,000 after purchasing an additional 22,631 shares during the period. Osaic Holdings Inc. grew its position in NXP Semiconductors by 23.1% in the 2nd quarter. Osaic Holdings Inc. now owns 70,387 shares of the semiconductor provider’s stock worth $15,022,000 after purchasing an additional 13,209 shares during the last quarter. Finally, CCLA Investment Management increased its holdings in shares of NXP Semiconductors by 11.6% during the 3rd quarter. CCLA Investment Management now owns 608,638 shares of the semiconductor provider’s stock worth $138,605,000 after purchasing an additional 63,058 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the transaction, the executive vice president owned 9,942 shares in the company, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jennifer Wuamett sold 12,425 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the completion of the transaction, the executive vice president directly owned 11,811 shares in the company, valued at approximately $2,609,522.34. This represents a 51.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.12% of the company’s stock.

NXP Semiconductors Trading Up 5.1%

Shares of NXPI stock opened at $196.86 on Wednesday. The company has a market capitalization of $49.74 billion, a P/E ratio of 24.79, a P/E/G ratio of 0.84 and a beta of 1.45. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $256.36. 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 firm has a 50-day moving average price of $218.46 and a 200 day moving average price of $218.66.

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 the consensus estimate of $3.31 by $0.04. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The firm had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.30 billion. During the same period in the prior year, the firm earned $3.18 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Research analysts forecast that NXP Semiconductors N.V. will post 10.28 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 Thursday, April 9th. Investors of record on Wednesday, March 25th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a yield of 2.1%. NXP Semiconductors’s dividend payout ratio is 51.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Bank of America reduced their target price on shares of NXP Semiconductors from $265.00 to $245.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Truist Financial lowered their price target on NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. KeyCorp upped their price target on NXP Semiconductors from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Morgan Stanley reiterated an “overweight” rating on shares of NXP Semiconductors in a research report on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NXP Semiconductors in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $253.67.

About NXP Semiconductors

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.