1,699 Shares in NXP Semiconductors N.V. (NASDAQ:NXPI) Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 1st quarter, Holdings Channel.com reports. The firm purchased 1,699 shares of the semiconductor provider’s stock, valued at approximately $323,000.

Several other institutional investors have also added to or reduced their stakes in NXPI. Runnymede Capital Advisors Inc. purchased a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $32,000. Valley National Advisers Inc. boosted its holdings in shares of NXP Semiconductors by 118.9% in the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 126 shares during the period. Ameriflex Group Inc. purchased a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $44,000. Rossby Financial LCC purchased a new position in shares of NXP Semiconductors in the 1st quarter worth approximately $46,000. Finally, GoalVest Advisory LLC boosted its holdings in shares of NXP Semiconductors by 472.9% in the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider’s stock worth $52,000 after purchasing an additional 227 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $228.92 on Monday. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $296.08. The company has a market capitalization of $57.83 billion, a PE ratio of 24.94, a P/E/G ratio of 2.85 and a beta of 1.40. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. The company has a 50-day simple moving average of $210.01 and a two-hundred day simple moving average of $205.44.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the company posted $3.24 earnings per share. NXP Semiconductors’s revenue for the quarter was down 9.3% compared to the same quarter last year. Research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a $1.014 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.77%. NXP Semiconductors’s payout ratio is 44.23%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group lifted their target price on NXP Semiconductors from $250.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Needham & Company LLC decreased their price target on NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company raised their price target on NXP Semiconductors from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, June 16th. Arete Research raised NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group initiated coverage on NXP Semiconductors in a research note on Thursday. They set a “buy” rating and a $276.00 price target for the company. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.63.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the sale, the executive vice president owned 27,088 shares of the company’s stock, valued at $6,230,240. This trade represents a 25.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is owned by insiders.

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.