Gulf International Bank UK Ltd Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Gulf International Bank UK Ltd lifted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,490 shares of the semiconductor provider’s stock after buying an additional 167 shares during the period. Gulf International Bank UK Ltd’s holdings in NXP Semiconductors were worth $5,324,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC grew its holdings in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Operose Advisors LLC purchased a new position in shares of NXP Semiconductors during the third quarter valued at approximately $26,000. Valley National Advisers Inc. boosted its holdings in NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after acquiring an additional 68 shares during the period. Rise Advisors LLC bought a new stake in shares of NXP Semiconductors during the first quarter worth $35,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter valued at $33,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Up 2.4 %

Shares of NXPI stock opened at $271.03 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The company has a market cap of $69.30 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.47 and a beta of 1.50. The stock has a 50 day simple moving average of $260.55 and a 200-day simple moving average of $241.36. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.07. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. On average, equities research analysts expect that NXP Semiconductors will post 12.47 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s payout ratio is 37.49%.

Insider Buying and Selling

In related news, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NXPI. Cantor Fitzgerald raised their price target on shares of NXP Semiconductors from $290.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Needham & Company LLC raised their target price on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on shares of NXP Semiconductors in a report on Monday, May 13th. They issued a “buy” rating and a $325.00 price target on the stock. Evercore ISI boosted their price objective on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Oppenheimer upped their target price on NXP Semiconductors from $250.00 to $295.00 and gave the stock 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $267.80.

NXP Semiconductors Company Profile

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.