875 Shares in NXP Semiconductors (NASDAQ:NXPI) Purchased by Wrapmanager Inc.

Wrapmanager Inc. purchased a new position in NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 875 shares of the semiconductor provider’s stock, valued at approximately $201,000.

A number of other hedge funds have also bought and sold shares of the company. Operose Advisors LLC bought a new position in NXP Semiconductors in the third quarter worth about $26,000. Valley National Advisers Inc. raised its holdings in shares of NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after buying an additional 68 shares during the last quarter. Paradigm Asset Management Co. LLC raised its holdings in shares of NXP Semiconductors by 100.0% during the third quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock valued at $40,000 after buying an additional 100 shares during the last quarter. Atticus Wealth Management LLC raised its holdings in shares of NXP Semiconductors by 358.7% during the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock valued at $42,000 after buying an additional 165 shares during the last quarter. Finally, Avalon Trust Co bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $42,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Wednesday. Barclays upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. Mizuho boosted their target price on shares of NXP Semiconductors from $225.00 to $265.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, UBS Group boosted their target price 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $257.72.

NXP Semiconductors Stock Performance

NXPI stock traded up $0.93 during midday trading on Friday, hitting $261.73. 1,052,482 shares of the company traded hands, compared to its average volume of 2,360,375. The business has a 50 day simple moving average of $244.08 and a 200-day simple moving average of $223.46. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a twelve month low of $161.23 and a twelve month high of $264.26. The stock has a market capitalization of $66.92 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. As a group, equities research analysts predict that NXP Semiconductors will post 12.41 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.55%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

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.