Annex Advisory Services LLC Takes Position in NXP Semiconductors (NASDAQ:NXPI)

Annex Advisory Services LLC purchased a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,441 shares of the semiconductor provider’s stock, valued at approximately $1,984,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smithfield Trust Co bought a new position in NXP Semiconductors in the fourth quarter worth approximately $32,000. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors in the fourth quarter worth approximately $32,000. Ameriflex Group Inc. bought a new position in NXP Semiconductors in the fourth quarter worth approximately $44,000. Strategic Financial Concepts LLC bought a new position in NXP Semiconductors in the fourth quarter worth approximately $46,000. Finally, GoalVest Advisory LLC raised its stake in NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider’s stock worth $52,000 after buying an additional 227 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is owned by corporate insiders.

NXP Semiconductors Price Performance

Shares of NXPI opened at $206.90 on Friday. The firm has a market capitalization of $52.27 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The company’s fifty day moving average price is $187.54 and its 200-day moving average price is $205.80.

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 net margin of 19.90% and a return on equity of 31.45%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company earned $3.24 earnings per share. The firm’s revenue was down 9.3% on a year-over-year basis. On average, equities research analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of recent research reports. Needham & Company LLC reduced their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Barclays reduced their price target on NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Mizuho upped their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Truist Financial upped their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, TD Cowen upped their price target on NXP Semiconductors from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $246.22.

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.