Captrust Financial Advisors Grows Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Captrust Financial Advisors increased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,755 shares of the semiconductor provider’s stock after purchasing an additional 741 shares during the quarter. Captrust Financial Advisors’ holdings in NXP Semiconductors were worth $4,106,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in NXPI. ORG Wealth Partners LLC raised its position in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 119 shares during the last quarter. Sound Income Strategies LLC raised its holdings in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares during the last quarter. Smithfield Trust Co acquired a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $32,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $32,000. Finally, Brooklyn Investment Group increased its holdings in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 66 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $192.17 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The company has a market cap of $48.55 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. The stock’s 50-day moving average is $188.87 and its two-hundred day moving average is $209.87. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued 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 net margin of 19.90% and a return on equity of 31.45%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the company earned $3.24 earnings per share. The firm’s revenue was down 9.3% compared to the same quarter last year. Analysts forecast that NXP Semiconductors will post 10.28 EPS for the current fiscal 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 paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is presently 44.12%.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on NXPI shares. Needham & Company LLC dropped their target price on NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Truist Financial lifted their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley set a $229.00 price target on shares of NXP Semiconductors in a research note on Monday, April 21st. TD Cowen lifted their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $250.37.

NXP Semiconductors 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.