Retirement Guys Formula LLC Purchases New Stake in NXP Semiconductors (NASDAQ:NXPI)

Retirement Guys Formula LLC purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,890 shares of the semiconductor provider’s stock, valued at approximately $1,212,000.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of NXP Semiconductors by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock valued at $2,529,129,000 after buying an additional 118,562 shares in the last quarter. Norges Bank acquired a new position in NXP Semiconductors during the fourth quarter worth $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in NXP Semiconductors by 4.4% during the third quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider’s stock worth $440,841,000 after purchasing an additional 92,571 shares during the last quarter. Finally, Morgan Stanley raised its holdings in NXP Semiconductors by 5.8% during the third quarter. Morgan Stanley now owns 2,185,911 shares of the semiconductor provider’s stock worth $437,008,000 after purchasing an additional 119,183 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Up 0.1 %

NXPI stock traded up $0.25 during trading on Thursday, reaching $272.29. 1,084,497 shares of the stock traded hands, compared to its average volume of 1,680,881. The business’s 50 day moving average price is $267.51 and its 200-day moving average price is $244.09. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $286.87. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The firm has a market capitalization of $69.62 billion, a PE ratio of 25.14, a P/E/G ratio of 2.54 and a beta of 1.49.

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

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the business’s 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 sale, the chief executive officer now owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NXPI. Cantor Fitzgerald lifted their price objective on NXP Semiconductors from $290.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Wells Fargo & Company lifted their price objective on NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. The Goldman Sachs Group lifted 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, UBS Group boosted their price target on NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. One equities research 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.80.

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.