Align Financial LLC Purchases Shares of 71,630 NXP Semiconductors N.V. $NXPI

Align Financial LLC purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 4th quarter, Holdings Channel reports. The fund purchased 71,630 shares of the semiconductor provider’s stock, valued at approximately $15,548,000.

Several other hedge funds have also added to or reduced their stakes in the business. JPL Wealth Management LLC bought a new position in NXP Semiconductors during the 3rd quarter worth $26,000. Acumen Wealth Advisors LLC bought a new position in NXP Semiconductors during the 4th quarter worth $28,000. Jessup Wealth Management Inc bought a new position in NXP Semiconductors during the 4th quarter worth $29,000. Wexford Capital LP bought a new position in NXP Semiconductors during the 3rd quarter worth $31,000. Finally, Kelleher Financial Advisors bought a new position in NXP Semiconductors during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 2,020 shares in the company, valued at $474,700. This represents 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,611 shares of company stock worth $3,182,068 over the last ninety days. Insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley increased their price objective on NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Susquehanna increased their price objective on NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. 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 NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Finally, Oppenheimer increased their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $295.92.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $298.20 on Thursday. The stock has a market cap of $75.29 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 1.09 and a beta of 1.77. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The stock’s 50-day moving average is $277.29 and its 200-day moving average is $240.95. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95.

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

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.4%. NXP Semiconductors’s dividend payout ratio is presently 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.