Sei Investments Co. Has $32.75 Million Stock Position in NXP Semiconductors N.V. $NXPI

Sei Investments Co. boosted its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 69.0% in the first quarter, HoldingsChannel reports. The firm owned 166,344 shares of the semiconductor provider’s stock after purchasing an additional 67,927 shares during the period. Sei Investments Co.’s holdings in NXP Semiconductors were worth $32,746,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. JPL Wealth Management LLC acquired a new position in shares of NXP Semiconductors during the 3rd quarter valued at $26,000. SHP Wealth Management acquired a new stake in NXP Semiconductors in the fourth quarter worth $27,000. Acumen Wealth Advisors LLC acquired a new stake in NXP Semiconductors in the fourth quarter worth $28,000. Jessup Wealth Management Inc bought a new stake in NXP Semiconductors in the fourth quarter valued at $29,000. Finally, Wexford Capital LP bought a new stake in NXP Semiconductors in the third quarter valued at $31,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares in the company, valued at $1,153,118.79. This represents a 32.40% decrease in their position. The transaction was disclosed in a legal filing 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 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 sale, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their position. 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. 0.05% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NXPI shares. Bank of America increased their price objective on shares of NXP Semiconductors from $275.00 to $310.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their price target on NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein increased their price target on NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Stifel Nicolaus raised their price objective on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of NXP Semiconductors in a report on Monday. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $307.73.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $267.67 on Tuesday. The stock has a market cap of $67.58 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 1.12 and a beta of 1.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm’s 50-day simple moving average is $295.40 and its 200 day simple moving average is $252.71.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. The firm had revenue of $3.18 billion during 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%.The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.64 EPS. As a group, research analysts anticipate that NXP Semiconductors N.V. will post 13.46 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.5%. 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.