RBA Wealth Management LLC Has $2.89 Million Position in NXP Semiconductors (NASDAQ:NXPI)

RBA Wealth Management LLC lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.8% during the first quarter, HoldingsChannel reports. The firm owned 11,662 shares of the semiconductor provider’s stock after acquiring an additional 315 shares during the quarter. RBA Wealth Management LLC’s holdings in NXP Semiconductors were worth $2,889,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXPI. First Trust Direct Indexing L.P. increased its position in shares of NXP Semiconductors by 1.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 5,444 shares of the semiconductor provider’s stock worth $1,349,000 after purchasing an additional 63 shares during the last quarter. Advisor Resource Council acquired a new position in shares of NXP Semiconductors during the 1st quarter worth approximately $437,000. Norden Group LLC acquired a new position in shares of NXP Semiconductors during the 1st quarter worth approximately $1,775,000. State of Alaska Department of Revenue increased its position in shares of NXP Semiconductors by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 27,968 shares of the semiconductor provider’s stock worth $6,929,000 after purchasing an additional 130 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its position in shares of NXP Semiconductors by 19.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 5,374 shares of the semiconductor provider’s stock worth $1,332,000 after purchasing an additional 871 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

NXPI has been the subject of several research analyst reports. StockNews.com upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Needham & Company LLC lifted their target price on NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Argus lifted their target price on NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lifted their target price on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $267.80.

NXP Semiconductors Price Performance

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

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. As a group, research analysts anticipate that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

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

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.