NXP Semiconductors N.V. $NXPI Shares Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC raised its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 96.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,258 shares of the semiconductor provider’s stock after purchasing an additional 2,086 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in NXP Semiconductors were worth $838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Venturi Wealth Management LLC lifted its position in NXP Semiconductors by 25.2% in the first quarter. Venturi Wealth Management LLC now owns 2,771 shares of the semiconductor provider’s stock valued at $545,000 after acquiring an additional 557 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in shares of NXP Semiconductors by 20.0% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,200 shares of the semiconductor provider’s stock worth $236,000 after purchasing an additional 200 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of NXP Semiconductors during the first quarter worth about $5,788,000. Ritholtz Wealth Management increased its position in shares of NXP Semiconductors by 10.0% during the first quarter. Ritholtz Wealth Management now owns 3,779 shares of the semiconductor provider’s stock worth $744,000 after purchasing an additional 343 shares in the last quarter. Finally, Watchman Group Inc. lifted its holdings in shares of NXP Semiconductors by 9.9% in the 1st quarter. Watchman Group Inc. now owns 15,594 shares of the semiconductor provider’s stock valued at $3,070,000 after purchasing an additional 1,409 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. BNP Paribas Exane boosted their price objective on NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Wells Fargo & Company upped their price target on shares of NXP Semiconductors from $265.00 to $305.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Bank of America reiterated a “neutral” rating and set a $230.00 price target (down from $245.00) on shares of NXP Semiconductors in a research note on Monday, April 13th. Finally, Weiss Ratings raised shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $300.08.

Insider Buying and Selling

In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This represents a 10.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the transaction, the executive vice president directly owned 2,020 shares in the company, valued at approximately $474,700. This represents a 72.36% 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. Over the last ninety days, insiders have sold 12,611 shares of company stock worth $3,182,068. 0.05% of the stock is owned by company insiders.

NXP Semiconductors Price Performance

NXPI stock opened at $281.03 on Wednesday. The firm has a 50 day moving average of $293.52 and a 200-day moving average of $245.88. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The company has a market cap of $70.95 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.00 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.07. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.NXP Semiconductors’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.64 earnings per share. As a group, equities analysts expect that NXP Semiconductors N.V. will post 13.4 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, June 24th. NXP Semiconductors’s dividend 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.