Retirement Guys Formula LLC Makes New $1.21 Million Investment in NXP Semiconductors (NASDAQ:NXPI)

Retirement Guys Formula LLC purchased a new position in NXP Semiconductors (NASDAQ:NXPI) in the first quarter, Holdings Channel reports. The fund purchased 4,890 shares of the semiconductor provider’s stock, valued at approximately $1,212,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NXPI. Lincoln National Corp increased its stake in shares of NXP Semiconductors by 1.9% in the fourth quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock worth $568,000 after purchasing an additional 46 shares during the period. RFG Advisory LLC increased its stake in shares of NXP Semiconductors by 1.6% in the first quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock worth $740,000 after purchasing an additional 47 shares during the period. IMPACTfolio LLC increased its stake in shares of NXP Semiconductors by 4.3% in the fourth quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock worth $273,000 after purchasing an additional 49 shares during the period. FinTrust Capital Advisors LLC increased its stake in shares of NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares during the period. Finally, Financial Management Professionals Inc. increased its stake in shares of NXP Semiconductors by 4.3% in the fourth quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider’s stock worth $280,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NXPI shares. JPMorgan Chase & Co. upped their price objective on NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Truist Financial boosted their target price on NXP Semiconductors from $265.00 to $291.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. UBS Group upped their price objective on NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. The Goldman Sachs Group upped their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Evercore ISI upped their price objective on NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $267.80.

NXP Semiconductors Trading Up 0.1 %

Shares of NXPI traded up $0.25 during trading hours on Thursday, reaching $272.29. The stock had a trading volume of 1,084,497 shares, compared to its average volume of 1,680,881. 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 52 week low of $167.21 and a 52 week high of $286.87. The firm has a 50-day moving average of $267.51 and a 200 day moving average of $244.09. The company has a market cap of $69.62 billion, a P/E ratio of 25.14, a P/E/G ratio of 2.54 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. On average, sell-side analysts expect that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

Insider Activity 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 stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the transaction, 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 filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

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.