Guinness Asset Management LTD Purchases 2,332 Shares of NXP Semiconductors N.V. $NXPI

Guinness Asset Management LTD grew its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 46,910 shares of the semiconductor provider’s stock after acquiring an additional 2,332 shares during the period. Guinness Asset Management LTD’s holdings in NXP Semiconductors were worth $10,342,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. JPL Wealth Management LLC bought a new position in shares of NXP Semiconductors in the third quarter worth approximately $26,000. CNB Bank purchased a new position in shares of NXP Semiconductors in the third quarter worth $28,000. Wexford Capital LP purchased a new position in shares of NXP Semiconductors in the third quarter worth $31,000. Kelleher Financial Advisors purchased a new position in shares of NXP Semiconductors in the third quarter worth $31,000. Finally, Community Bank N.A. purchased a new position in shares of NXP Semiconductors in the third quarter worth $37,000. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NXPI has been the topic of several research analyst reports. Loop Capital boosted their target price on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley boosted their target price on shares of NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Stifel Nicolaus boosted their target price on shares of NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Cantor Fitzgerald boosted their target price on shares of NXP Semiconductors from $380.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Barclays boosted their target price on shares of NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $294.25.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $316.47 on Friday. The company has a market cap of $79.90 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 1.08 and a beta of 1.77. The firm’s fifty day moving average is $234.74 and its 200 day moving average is $226.31. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $316.81.

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

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. NXP Semiconductors’s dividend payout ratio is presently 38.85%.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the sale, the executive vice president owned 9,942 shares of the company’s stock, valued at $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the sale, the executive vice president directly owned 2,020 shares in the company, valued at approximately $474,700. The trade was a 72.36% 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. Insiders have sold a total of 10,865 shares of company stock valued at $2,508,416 over the last 90 days. 0.12% of the stock is owned by corporate insiders.

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.