Shepherd Street Advisors LLC Invests $419,000 in NXP Semiconductors N.V. $NXPI

Shepherd Street Advisors LLC acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,932 shares of the semiconductor provider’s stock, valued at approximately $419,000.

A number of other hedge funds have also added to or reduced their stakes in NXPI. Phillips Wealth Planners LLC increased its position in NXP Semiconductors by 8.2% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,696 shares of the semiconductor provider’s stock valued at $396,000 after acquiring an additional 128 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of NXP Semiconductors by 38.1% during the 4th quarter. CIBC Asset Management Inc now owns 97,186 shares of the semiconductor provider’s stock valued at $21,095,000 after purchasing an additional 26,832 shares during the period. Marble Wealth LLC purchased a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $326,000. Bridges Investment Management Inc. boosted its holdings in shares of NXP Semiconductors by 9.9% in the fourth quarter. Bridges Investment Management Inc. now owns 1,770 shares of the semiconductor provider’s stock worth $384,000 after buying an additional 160 shares during the last quarter. Finally, Dynasty Wealth Management LLC grew its position in NXP Semiconductors by 4.9% during the fourth quarter. Dynasty Wealth Management LLC now owns 6,210 shares of the semiconductor provider’s stock valued at $1,348,000 after buying an additional 291 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NXPI has been the topic of several recent research reports. Stifel Nicolaus increased their price target on shares of NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Bank of America reissued a “neutral” rating and set a $230.00 price target (down from $245.00) on shares of NXP Semiconductors in a report on Monday, April 13th. JPMorgan Chase & Co. raised their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Citigroup boosted their price objective on NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Loop Capital raised their target price on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $294.25.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the sale, the executive vice president owned 9,942 shares of the company’s stock, valued at $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This trade represents a 32.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,611 shares of company stock valued at $3,061,078 in the last ninety days. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Down 0.5%

Shares of NXPI stock opened at $321.88 on Thursday. The company’s fifty day simple moving average is $255.73 and its two-hundred day simple moving average is $233.10. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The stock has a market cap of $81.27 billion, a P/E ratio of 30.80, a PEG ratio of 1.17 and a beta of 1.77. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the business posted $2.64 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts predict that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. NXP Semiconductors’s payout ratio is presently 38.85%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.