Sagespring Wealth Partners LLC Has $1.65 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Sagespring Wealth Partners LLC grew its position in NXP Semiconductors (NASDAQ:NXPI) by 26.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 8,693 shares of the semiconductor provider’s stock after acquiring an additional 1,805 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in NXP Semiconductors were worth $1,652,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NXPI. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $32,000. Runnymede Capital Advisors Inc. acquired a new stake in NXP Semiconductors in the fourth quarter valued at approximately $32,000. Ameriflex Group Inc. bought a new stake in NXP Semiconductors in the fourth quarter worth approximately $44,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors during the 4th quarter worth $46,000. Finally, GoalVest Advisory LLC raised its holdings in shares of NXP Semiconductors by 472.9% during the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider’s stock valued at $52,000 after purchasing an additional 227 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 3.1%

Shares of NXPI opened at $217.53 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The company has a 50-day simple moving average of $193.86 and a 200-day simple moving average of $204.95. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The firm 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 (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS 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 firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the firm posted $3.24 EPS. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities research analysts expect that NXP Semiconductors will post 10.28 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 9th. Investors of record on Wednesday, June 25th will be given a $1.014 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.86%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 44.12%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NXPI shares. Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Citigroup decreased their price target on NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Evercore ISI reissued an “outperform” rating and issued a $289.00 price objective (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. TD Cowen upped their target price on NXP Semiconductors from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Finally, Needham & Company LLC lowered their price target on NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors has a consensus 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.