SVB Wealth LLC Has $662,000 Stock Position in NXP Semiconductors (NASDAQ:NXPI)

SVB Wealth LLC boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 6.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,670 shares of the semiconductor provider’s stock after buying an additional 156 shares during the period. SVB Wealth LLC’s holdings in NXP Semiconductors were worth $662,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after acquiring an additional 1,909,898 shares during the period. Norges Bank bought a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in NXP Semiconductors by 893.2% in the 4th 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 purchasing an additional 2,097,727 shares during the last quarter. Van ECK Associates Corp lifted its stake in NXP Semiconductors by 24.6% in the 1st quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock valued at $407,506,000 after purchasing an additional 325,187 shares during the last quarter. Finally, Putnam Investments LLC lifted its stake in NXP Semiconductors by 4.4% in the 4th quarter. Putnam Investments LLC now owns 1,564,236 shares of the semiconductor provider’s stock valued at $359,274,000 after purchasing an additional 65,741 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on NXPI. Oppenheimer increased their price objective on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Wells Fargo & Company increased their price objective on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Barclays increased their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. UBS Group increased their price objective on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $294.89.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Trading Up 0.9 %

Shares of NXPI traded up $2.19 during trading hours on Monday, hitting $255.81. 2,421,129 shares of the stock were exchanged, compared to its average volume of 2,226,614. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The business has a 50-day moving average of $272.46 and a 200-day moving average of $250.22. The firm has a market capitalization of $65.16 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.74 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the company posted $3.04 earnings per share. NXP Semiconductors’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, research analysts expect that NXP Semiconductors will post 12 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.49%.

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.