Stanley Laman Group Ltd. Acquires New Shares in NXP Semiconductors (NASDAQ:NXPI)

Stanley Laman Group Ltd. bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,897 shares of the semiconductor provider’s stock, valued at approximately $4,340,000.

Several other institutional investors also recently bought and sold shares of NXPI. Tokio Marine Asset Management Co. Ltd. grew its holdings in NXP Semiconductors by 1.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,736 shares of the semiconductor provider’s stock valued at $1,317,000 after purchasing an additional 97 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in NXP Semiconductors by 9.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 9,174 shares of the semiconductor provider’s stock valued at $2,111,000 after buying an additional 821 shares during the last quarter. Carret Asset Management LLC raised its holdings in NXP Semiconductors by 2.2% in the 4th quarter. Carret Asset Management LLC now owns 2,330 shares of the semiconductor provider’s stock worth $535,000 after acquiring an additional 50 shares during the period. Millington Financial Advisors LLC lifted its position in NXP Semiconductors by 5.5% during the 4th quarter. Millington Financial Advisors LLC now owns 4,800 shares of the semiconductor provider’s stock worth $1,102,000 after acquiring an additional 250 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in NXP Semiconductors during the fourth quarter valued at about $145,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Up 1.3 %

Shares of NXPI traded up $3.04 during trading hours on Thursday, hitting $238.08. 2,051,290 shares of the stock traded hands, compared to its average volume of 2,353,531. The business has a fifty day moving average of $240.99 and a 200-day moving average of $219.42. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $60.97 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 0.85 and a beta of 1.59. NXP Semiconductors has a 1-year low of $155.31 and a 1-year high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. Analysts expect that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.70%. NXP Semiconductors’s dividend payout ratio is currently 37.91%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NXPI shares. Oppenheimer boosted their price objective on NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Morgan Stanley raised their price objective on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. StockNews.com raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Susquehanna boosted their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Finally, Stifel Nicolaus upped their target price on NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $242.29.

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.