NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE raised its position in NXP Semiconductors (NASDAQ:NXPI) by 4.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,562 shares of the semiconductor provider’s stock after buying an additional 2,754 shares during the period. Congress Wealth Management LLC DE’s holdings in NXP Semiconductors were worth $17,236,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position 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 purchasing an additional 118,562 shares in the last quarter. Norges Bank purchased a new position in NXP Semiconductors in the fourth quarter valued at $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in NXP Semiconductors by 893.2% in 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 valued at $535,747,000 after buying an additional 2,097,727 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of 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 grew its holdings in shares of 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 institutional investors and hedge funds.

NXP Semiconductors Stock Down 1.3 %

Shares of NASDAQ:NXPI traded down $3.42 during midday trading on Monday, hitting $265.67. 1,723,950 shares of the company’s stock traded hands, compared to its average volume of 2,195,974. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $286.87. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. The company has a market cap of $67.93 billion, a PE ratio of 24.53, a P/E/G ratio of 2.51 and a beta of 1.49. The firm’s fifty day moving average price is $264.90 and its two-hundred day moving average price is $243.38.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping 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 firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. On average, equities research analysts anticipate that NXP Semiconductors will post 12.47 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be paid a $1.014 dividend. The ex-dividend date is Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.53%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Insider Activity

In other news, CEO Kurt Sievers sold 8,548 shares of the company’s 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 sale, the chief executive officer now owns 177,889 shares in the company, valued at approximately $49,052,891.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NXPI. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Truist Financial raised their price objective on shares of NXP Semiconductors from $265.00 to $291.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Cantor Fitzgerald raised their price objective on shares of NXP Semiconductors from $290.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. UBS Group lifted their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Argus lifted their target price on shares of NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price 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.