Harvest Investment Advisors LLC Makes New Investment in NXP Semiconductors N.V. $NXPI

Harvest Investment Advisors LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,866 shares of the semiconductor provider’s stock, valued at approximately $1,924,000.

Several other large investors have also recently added to or reduced their stakes in NXPI. Norges Bank acquired a new stake in NXP Semiconductors in the 4th quarter valued at approximately $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NXP Semiconductors by 34,719.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock valued at $581,807,000 after acquiring an additional 2,672,697 shares during the period. Wellington Management Group LLP increased its position in NXP Semiconductors by 11.9% in the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock valued at $2,865,690,000 after acquiring an additional 1,333,920 shares during the period. Rafferty Asset Management LLC increased its position in NXP Semiconductors by 56.3% in the 2nd quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock valued at $418,828,000 after acquiring an additional 690,277 shares during the period. Finally, Woodline Partners LP increased its position in NXP Semiconductors by 6,342.2% in the 3rd quarter. Woodline Partners LP now owns 673,403 shares of the semiconductor provider’s stock valued at $153,354,000 after acquiring an additional 662,950 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the stock in a transaction that occurred on 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 $474,700. This represents a 72.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. The trade was 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. Over the last three months, insiders have sold 11,611 shares of company stock valued at $2,866,498. Company insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the topic of several analyst reports. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Sanford C. Bernstein increased their price objective on shares of NXP Semiconductors from $240.00 to $270.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th. Wolfe Research increased their price objective on shares of NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Susquehanna increased their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Citigroup increased their price objective on shares of NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.92.

NXP Semiconductors Stock Down 4.1%

NXPI stock opened at $302.89 on Wednesday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The firm has a market cap of $76.47 billion, a PE ratio of 28.98, a P/E/G ratio of 1.14 and a beta of 1.77. The firm has a 50 day simple moving average of $275.26 and a 200 day simple moving average of $240.22. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55.

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

NXP Semiconductors Announces Dividend

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

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.