SpiderRock Advisors LLC Acquires Shares of 1,503 NXP Semiconductors (NASDAQ:NXPI)

SpiderRock Advisors LLC bought a new position in NXP Semiconductors (NASDAQ:NXPI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,503 shares of the semiconductor provider’s stock, valued at approximately $356,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. Lincoln National Corp raised its stake in NXP Semiconductors by 1.9% during the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock valued at $568,000 after purchasing an additional 46 shares during the last quarter. RFG Advisory LLC grew its position in NXP Semiconductors by 1.6% during the first quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock worth $740,000 after buying an additional 47 shares in the last quarter. IMPACTfolio LLC increased its stake in NXP Semiconductors by 4.3% during the fourth quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock valued at $273,000 after acquiring an additional 49 shares during the period. FinTrust Capital Advisors LLC raised its holdings in NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its holdings in shares of NXP Semiconductors by 4.3% during the 4th 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 in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded up $2.19 on Friday, hitting $274.48. The company had a trading volume of 435,682 shares, compared to its average volume of 2,167,487. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $286.87. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $70.18 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 2.54 and a beta of 1.49. The firm has a 50 day moving average of $268.20 and a two-hundred day moving average of $244.28.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.07. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. On average, research analysts anticipate that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NXPI. Jefferies Financial Group began coverage on NXP Semiconductors in a research note on Monday, May 13th. They issued a “buy” rating and a $325.00 price objective on the stock. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. 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 report on Wednesday, May 1st. Oppenheimer increased their price target on NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC increased their target price on NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $267.80.

Insider Activity at NXP Semiconductors

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

NXP Semiconductors Company 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.