Advisortrust Partners LLC Purchases Shares of 12,183 NXP Semiconductors N.V. $NXPI

Advisortrust Partners LLC purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 12,183 shares of the semiconductor provider’s stock, valued at approximately $2,644,000. NXP Semiconductors comprises about 1.2% of Advisortrust Partners LLC’s portfolio, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPL Wealth Management LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth about $26,000. SHP Wealth Management purchased a new position in NXP Semiconductors during the 4th quarter valued at about $27,000. Acumen Wealth Advisors LLC purchased a new position in NXP Semiconductors during the 4th quarter valued at about $28,000. Jessup Wealth Management Inc bought a new position in NXP Semiconductors during the 4th quarter valued at approximately $29,000. Finally, Quattro Advisors LLC bought a new position in NXP Semiconductors during the 4th quarter valued at approximately $30,000. 90.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein lifted their price objective on NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Mizuho raised their price target on NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 29th. Barclays lifted their price target on shares of NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Jefferies Financial Group increased their target price on NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus raised their price objective on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $295.92.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Andrew Hardy sold 5,289 shares of NXP Semiconductors stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the sale, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. The trade was a 72.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the sale, the executive vice president owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 12,611 shares of company stock worth $3,182,068. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $313.27 on Friday. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $79.09 billion, a P/E ratio of 29.98, a PEG ratio of 1.13 and a beta of 1.77. The stock’s 50 day moving average is $281.83 and its 200 day moving average is $242.29.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.64 earnings per share. On average, equities research analysts predict that NXP Semiconductors N.V. will post 13.4 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.3%. NXP Semiconductors’s payout ratio is currently 38.85%.

NXP Semiconductors Company Profile

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.