MQS Management LLC Acquires 1,597 Shares of NXP Semiconductors N.V. $NXPI

MQS Management LLC raised its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 106.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,097 shares of the semiconductor provider’s stock after buying an additional 1,597 shares during the quarter. MQS Management LLC’s holdings in NXP Semiconductors were worth $672,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Guinness Asset Management LTD grew its position in shares of NXP Semiconductors by 5.2% in the 4th quarter. Guinness Asset Management LTD now owns 46,910 shares of the semiconductor provider’s stock worth $10,342,000 after buying an additional 2,332 shares during the last quarter. Advisory Alpha LLC grew its position in shares of NXP Semiconductors by 10.2% in the 4th quarter. Advisory Alpha LLC now owns 5,307 shares of the semiconductor provider’s stock worth $1,152,000 after buying an additional 493 shares during the last quarter. Axxcess Wealth Management LLC grew its position in shares of NXP Semiconductors by 5.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,453 shares of the semiconductor provider’s stock worth $532,000 after buying an additional 127 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of NXP Semiconductors by 72.7% in the 4th quarter. Global Retirement Partners LLC now owns 4,389 shares of the semiconductor provider’s stock worth $953,000 after buying an additional 1,848 shares during the last quarter. Finally, Motco grew its position in shares of NXP Semiconductors by 0.4% in the 4th quarter. Motco now owns 31,623 shares of the semiconductor provider’s stock worth $6,864,000 after buying an additional 138 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Oppenheimer lifted their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their target price on NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein lifted 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. Needham & Company LLC lifted their price target on NXP Semiconductors from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus lifted their price target on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $294.25.

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 stock was 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 owned 2,020 shares in the company, valued at approximately $474,700. The trade was a 72.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 NXP Semiconductors stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the transaction, the executive vice president owned 9,942 shares of the company’s stock, valued at $1,934,514.36. The trade was a 9.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 10,865 shares of company stock worth $2,508,416. 0.12% of the stock is owned by insiders.

NXP Semiconductors Trading Up 5.7%

NASDAQ NXPI opened at $316.47 on Friday. 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 $316.81. The firm has a market capitalization of $79.90 billion, a PE ratio of 30.28, a P/E/G ratio of 1.08 and a beta of 1.77. The stock’s 50 day moving average is $234.74 and its 200 day moving average is $226.31.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly 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. 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 for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the company posted $2.64 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. Research analysts forecast that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. NXP Semiconductors’s payout ratio is currently 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.