Hartford Funds Management Co LLC Purchases 2,232 Shares of NXP Semiconductors N.V. $NXPI

Hartford Funds Management Co LLC boosted its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 30.3% during the first quarter, Holdings Channel reports. The institutional investor owned 9,605 shares of the semiconductor provider’s stock after purchasing an additional 2,232 shares during the quarter. Hartford Funds Management Co LLC’s holdings in NXP Semiconductors were worth $1,892,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NXPI. Brighton Jones LLC boosted its holdings in NXP Semiconductors by 20.6% during the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after purchasing an additional 218 shares during the last quarter. NewEdge Advisors LLC grew its position in NXP Semiconductors by 3.4% in the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock valued at $1,334,000 after purchasing an additional 234 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in NXP Semiconductors by 31.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock valued at $170,000 after buying an additional 187 shares during the last quarter. Marshall Wace LLP lifted its position in NXP Semiconductors by 887.0% during the 2nd quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock worth $8,010,000 after buying an additional 32,945 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $555,000. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the subject of several recent research reports. Sanford C. Bernstein increased their price target on NXP Semiconductors from $240.00 to $270.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Oppenheimer boosted their price target on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Wells Fargo & Company increased their price objective on NXP Semiconductors from $265.00 to $305.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Bank of America raised their target price on shares of NXP Semiconductors from $275.00 to $310.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Mizuho upped their price target on shares of NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $307.27.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $278.39 on Tuesday. The business’s 50 day moving average price is $299.87 and its two-hundred day moving average price is $249.23. The company has a market cap of $70.29 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 1.05 and a beta of 1.79. 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 N.V. has a twelve month low of $183.00 and a twelve month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) 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 company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the firm posted $2.64 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. On average, analysts predict that NXP Semiconductors N.V. will post 13.4 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is 38.85%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of NXP Semiconductors stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the transaction, the executive vice president directly owned 2,020 shares of the company’s stock, valued at $474,700. The trade was a 72.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,611 shares of company stock valued at $3,182,068 in the last quarter. 0.05% of the stock is currently owned by insiders.

About NXP Semiconductors

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.