Baird Financial Group Inc. Increases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Baird Financial Group Inc. increased its stake in NXP Semiconductors (NASDAQ:NXPI) by 4.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,082 shares of the semiconductor provider’s stock after acquiring an additional 828 shares during the quarter. Baird Financial Group Inc.’s holdings in NXP Semiconductors were worth $4,174,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in NXPI. Principal Financial Group Inc. lifted its stake in NXP Semiconductors by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after buying an additional 5,722 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after acquiring an additional 75 shares in the last quarter. Hilltop National Bank boosted its stake in shares of NXP Semiconductors by 3.7% in the fourth quarter. Hilltop National Bank now owns 6,005 shares of the semiconductor provider’s stock worth $1,248,000 after acquiring an additional 215 shares during the last quarter. ORG Wealth Partners LLC increased its position in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Finally, Jacobs & Co. CA raised its stake in NXP Semiconductors by 0.4% in the 4th quarter. Jacobs & Co. CA now owns 24,675 shares of the semiconductor provider’s stock valued at $5,128,000 after purchasing an additional 91 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Up 1.9 %

Shares of NASDAQ NXPI opened at $192.17 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $48.55 billion, a PE ratio of 19.75, a PEG ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The stock has a fifty day simple moving average of $188.87 and a 200-day simple moving average of $209.87.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the company posted $3.24 EPS. NXP Semiconductors’s revenue was down 9.3% compared to the same quarter last year. On average, equities analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were given a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.11%. NXP Semiconductors’s dividend payout ratio is presently 44.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Mizuho upped their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Susquehanna cut their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a report on Monday, April 21st. TD Cowen increased their price target on NXP Semiconductors from $185.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Finally, UBS Group reduced their price objective on NXP Semiconductors from $265.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.37.

Insiders Place Their Bets

In related news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

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.