Millennium Capital Advisors LLC Invests $885,000 in NXP Semiconductors N.V. $NXPI

Millennium Capital Advisors LLC acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the fourth quarter, Holdings Channel reports. The fund acquired 4,076 shares of the semiconductor provider’s stock, valued at approximately $885,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPL Wealth Management LLC bought a new position in shares of NXP Semiconductors during the 3rd quarter worth about $26,000. CNB Bank bought a new position in shares of NXP Semiconductors during the 3rd quarter worth about $28,000. Wexford Capital LP bought a new position in shares of NXP Semiconductors during the 3rd quarter worth about $31,000. Kelleher Financial Advisors bought a new position in shares of NXP Semiconductors during the 3rd quarter worth about $31,000. Finally, Community Bank N.A. bought a new position in shares of NXP Semiconductors during the 3rd quarter worth about $37,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Down 0.9%

Shares of NXP Semiconductors stock opened at $291.50 on Friday. The stock has a market capitalization of $73.60 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.05 and a beta of 1.77. 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 50-day simple moving average of $224.91 and a 200 day simple moving average of $223.12. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $306.62.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $2.64 EPS. Research analysts expect that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.85%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NXPI. Weiss Ratings raised shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Raymond James Financial increased their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. increased their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Finally, Morgan Stanley increased their target price on shares of NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.25.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were 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 in the company, valued at approximately $474,700. This trade represents a 72.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 4,576 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the sale, the executive vice president owned 5,389 shares of the company’s stock, valued at $1,261,187.67. The trade was a 45.92% 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 90 days, insiders sold 10,865 shares of company stock worth $2,508,416. 0.12% of the stock is currently owned by corporate insiders.

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.