HighPoint Advisor Group LLC Acquires Shares of 6,330 NXP Semiconductors (NASDAQ:NXPI)

HighPoint Advisor Group LLC bought a new position in NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,330 shares of the semiconductor provider’s stock, valued at approximately $1,521,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NXPI. Norges Bank purchased a new stake in NXP Semiconductors in the 4th quarter worth $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after buying an additional 2,097,727 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new position in NXP Semiconductors during the 4th quarter valued at approximately $164,044,000. Kodai Capital Management LP purchased a new position in NXP Semiconductors during the 4th quarter valued at approximately $125,319,000. Finally, International Assets Investment Management LLC increased its stake in NXP Semiconductors by 21,013.6% in the 4th quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock worth $118,325,000 after acquiring an additional 512,732 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $271.40 on Wednesday. The company has a market capitalization of $69.39 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.53 and a beta of 1.50. The company’s 50-day simple moving average is $258.79 and its two-hundred day simple moving average is $240.28. NXP Semiconductors has a one year low of $167.21 and a one year high of $286.87. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.07. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. As a group, equities analysts anticipate that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be paid a dividend of $1.014 per share. The ex-dividend date is Thursday, June 13th. This represents a $4.06 annualized dividend and a dividend yield of 1.49%. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. Cantor Fitzgerald increased their target price on NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. TD Cowen upped their target price on shares of NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Finally, Evercore ISI raised their price objective on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $267.80.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares in the company, valued at approximately $49,052,891.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.