NXP Semiconductors N.V. $NXPI Stock Position Lifted by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC raised its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 68.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,400 shares of the semiconductor provider’s stock after buying an additional 7,500 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in NXP Semiconductors were worth $4,190,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brown Lisle Cummings Inc. increased its stake in shares of NXP Semiconductors by 121.7% in the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 84 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in NXP Semiconductors in the second quarter valued at about $35,000. True Wealth Design LLC increased its position in NXP Semiconductors by 375.6% in the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 154 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in NXP Semiconductors in the 2nd quarter worth about $43,000. Finally, North Capital Inc. raised its stake in shares of NXP Semiconductors by 119.8% during the 3rd quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NXPI. Sanford C. Bernstein set a $220.00 price target on NXP Semiconductors and gave the company a “market perform” rating in a research note on Wednesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $280.00 target price on shares of NXP Semiconductors in a research report on Tuesday, October 28th. Stifel Nicolaus set a $215.00 price target on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Evercore ISI raised their price target on shares of NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.62.

Insider Activity

In related news, EVP Christopher L. Jensen sold 2,300 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total transaction of $524,791.00. Following the transaction, the executive vice president directly owned 9,965 shares in the company, valued at $2,273,714.05. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Julie Southern purchased 225 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was purchased at an average cost of $225.48 per share, with a total value of $50,733.00. Following the acquisition, the insider owned 11,937 shares in the company, valued at approximately $2,691,554.76. This represents a 1.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.12% of the stock is owned by company insiders.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $226.27 on Friday. The business has a 50 day moving average price of $211.38 and a 200 day moving average price of $218.60. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $255.45. The company has a market cap of $56.95 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 3.30 and a beta of 1.46. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the firm earned $3.45 earnings per share. The business’s quarterly revenue was down 2.4% on a year-over-year basis. Research analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is presently 50.25%.

About NXP Semiconductors

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.