Perigon Wealth Management LLC raised its position in NXP Semiconductors (NASDAQ:NXPI) by 724.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,723 shares of the semiconductor provider’s stock after buying an additional 1,514 shares during the period. Perigon Wealth Management LLC’s holdings in NXP Semiconductors were worth $347,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. FIL Ltd increased its position in NXP Semiconductors by 18.0% in the fourth quarter. FIL Ltd now owns 4,267,330 shares of the semiconductor provider’s stock worth $678,548,000 after purchasing an additional 651,130 shares during the period. Analog Century Management LP bought a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $5,231,000. American International Group Inc. lifted its holdings in NXP Semiconductors by 8.5% in the fourth quarter. American International Group Inc. now owns 18,128 shares of the semiconductor provider’s stock valued at $2,883,000 after buying an additional 1,418 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in NXP Semiconductors by 16,233.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 980 shares of the semiconductor provider’s stock valued at $156,000 after acquiring an additional 974 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in NXP Semiconductors by 54.3% during the 4th quarter. Janus Henderson Group PLC now owns 1,176,680 shares of the semiconductor provider’s stock worth $187,107,000 after acquiring an additional 413,949 shares during the period. Institutional investors own 90.18% of the company’s stock.
In other news, CFO Peter Kelly sold 24,162 shares of the firm’s stock in a transaction dated Monday, May 24th. The stock was sold at an average price of $205.37, for a total value of $4,962,149.94. Following the completion of the transaction, the chief financial officer now owns 115,340 shares in the company, valued at approximately $23,687,375.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.32% of the company’s stock.
NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Sunday, April 25th. The semiconductor provider reported $2.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.01). NXP Semiconductors had a net margin of 4.65% and a return on equity of 19.69%. The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the business earned ($0.08) earnings per share. NXP Semiconductors’s revenue for the quarter was up 28.6% on a year-over-year basis. Sell-side analysts forecast that NXP Semiconductors will post 8.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 6th. Shareholders of record on Tuesday, June 15th were given a dividend of $0.563 per share. The ex-dividend date was Monday, June 14th. This represents a $2.25 annualized dividend and a yield of 1.13%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 33.19%.
Several research analysts have recently issued reports on the company. Oppenheimer raised their price target on NXP Semiconductors from $210.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, April 22nd. Stifel Nicolaus upped their price target on NXP Semiconductors from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, April 15th. Cowen increased their price target on shares of NXP Semiconductors from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NXP Semiconductors from $210.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Finally, increased their target price on shares of NXP Semiconductors from $225.00 to $235.00 in a report on Wednesday, April 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $205.75.
NXP Semiconductors 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 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.
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