Janney Montgomery Scott LLC Purchases 18,349 Shares of NXP Semiconductors (NASDAQ:NXPI)

Janney Montgomery Scott LLC increased its position in NXP Semiconductors (NASDAQ:NXPI) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 240,882 shares of the semiconductor provider’s stock after purchasing an additional 18,349 shares during the quarter. Janney Montgomery Scott LLC’s holdings in NXP Semiconductors were worth $45,782,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NXPI. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in shares of NXP Semiconductors by 30.9% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 263,397 shares of the semiconductor provider’s stock worth $50,061,000 after buying an additional 62,131 shares during the last quarter. Aries Wealth Management lifted its stake in shares of NXP Semiconductors by 9.1% in the 1st quarter. Aries Wealth Management now owns 2,182 shares of the semiconductor provider’s stock valued at $415,000 after purchasing an additional 182 shares during the period. Ritholtz Wealth Management boosted its position in shares of NXP Semiconductors by 3.3% in the 1st quarter. Ritholtz Wealth Management now owns 3,919 shares of the semiconductor provider’s stock worth $745,000 after purchasing an additional 125 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of NXP Semiconductors by 15.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider’s stock worth $1,004,000 after purchasing an additional 698 shares during the period. Finally, Dohj LLC acquired a new stake in shares of NXP Semiconductors during the first quarter worth $377,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Up 3.1%

NXPI stock opened at $217.53 on Tuesday. 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 stock has a market capitalization of $54.95 billion, a P/E ratio of 22.36, a P/E/G ratio of 3.01 and a beta of 1.39. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The business has a 50-day moving average of $193.86 and a 200-day moving average of $204.95.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm posted $3.24 EPS. The business’s revenue was down 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 44.12%.

Wall Street Analyst Weigh In

NXPI has been the subject of several analyst reports. Mizuho boosted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Needham & Company LLC decreased their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company increased their target price on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group reduced their price target on shares of NXP Semiconductors from $265.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus lowered their price objective on shares of NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $244.78.

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.