Optas LLC Acquires Shares of 897 NXP Semiconductors (NASDAQ:NXPI)

Optas LLC acquired a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 897 shares of the semiconductor provider’s stock, valued at approximately $222,000.

Several other institutional investors have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in shares of NXP Semiconductors during the first quarter worth $25,000. Operose Advisors LLC acquired a new stake in NXP Semiconductors in the third quarter valued at $26,000. FinTrust Capital Advisors LLC increased its holdings in NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the period. Valley National Advisers Inc. increased its holdings in NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new stake in NXP Semiconductors in the fourth quarter valued at $33,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 1.5 %

NASDAQ NXPI traded up $4.08 during trading hours on Friday, hitting $269.09. The company’s stock had a trading volume of 2,228,047 shares, compared to its average volume of 1,718,311. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $286.87. The company has a market capitalization of $68.80 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.51 and a beta of 1.50. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. The company’s 50-day simple moving average is $264.90 and its two-hundred day simple moving average is $243.38.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. Research analysts anticipate that NXP Semiconductors will post 12.47 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.51%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now owns 177,889 shares in the company, valued at approximately $49,052,891.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. The Goldman Sachs Group upped their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on shares of NXP Semiconductors in a research report on Monday, May 13th. They set a “buy” rating and a $325.00 price target on the stock. Needham & Company LLC upped their price target on shares of NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Truist Financial upped their price target on shares of NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $267.80.

NXP Semiconductors 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.