Elevation Point Wealth Partners LLC Purchases 1,024 Shares of NXP Semiconductors N.V. $NXPI

Elevation Point Wealth Partners LLC raised its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,268 shares of the semiconductor provider’s stock after buying an additional 1,024 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in NXP Semiconductors were worth $4,428,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of NXP Semiconductors by 11.7% in the first quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock valued at $2,419,662,000 after purchasing an additional 1,330,474 shares in the last quarter. Nuveen LLC bought a new position in NXP Semiconductors during the first quarter valued at $219,878,000. Boston Partners lifted its position in NXP Semiconductors by 73.6% during the second quarter. Boston Partners now owns 2,086,769 shares of the semiconductor provider’s stock valued at $454,862,000 after purchasing an additional 884,403 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of NXP Semiconductors by 33.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider’s stock worth $635,310,000 after buying an additional 839,113 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of NXP Semiconductors by 20.0% in the 1st quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider’s stock worth $647,387,000 after buying an additional 567,831 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on NXPI shares. Truist Financial lifted their price target on NXP Semiconductors from $252.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Evercore ISI lifted their target price on NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Sanford C. Bernstein set a $220.00 target price on NXP Semiconductors and gave the company a “market perform” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of NXP Semiconductors in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $280.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $252.47.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 8,372 shares of NXP Semiconductors stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the completion of the sale, the executive vice president owned 19,175 shares in the company, valued at $3,969,416.75. This trade represents a 30.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the completion of the sale, the executive vice president directly owned 6,828 shares of the company’s stock, valued at approximately $1,476,281.88. This trade represents a 12.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.12% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $193.76 on Thursday. The stock has a 50 day moving average price of $212.49 and a 200 day moving average price of $216.41. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $255.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.20 and a current ratio of 2.37. The firm has a market capitalization of $48.76 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.53 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the company earned $3.45 EPS. The business’s revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 50.12%.

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.