2,737 Shares in NXP Semiconductors N.V. $NXPI Purchased by Harbour Wealth Management Group Inc.

Harbour Wealth Management Group Inc. bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,737 shares of the semiconductor provider’s stock, valued at approximately $594,000.

Other hedge funds also recently modified their holdings of the company. MCF Advisors LLC lifted its stake in shares of NXP Semiconductors by 25.3% during the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock valued at $46,000 after buying an additional 43 shares during the period. Aptus Capital Advisors LLC raised its holdings in NXP Semiconductors by 1.3% in the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock valued at $752,000 after acquiring an additional 43 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in NXP Semiconductors by 0.6% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock valued at $1,829,000 after acquiring an additional 50 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of NXP Semiconductors by 4.6% during the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after purchasing an additional 52 shares during the period. Finally, Equitable Holdings Inc. grew its position in shares of NXP Semiconductors by 1.4% in the fourth quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock valued at $828,000 after purchasing an additional 54 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on NXPI. Wolfe Research boosted their price target on NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Morgan Stanley lifted their price objective on shares of NXP Semiconductors from $299.00 to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Wall Street Zen raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Bank of America restated a “neutral” rating and issued a $230.00 target price (down from $245.00) on shares of NXP Semiconductors in a research note on Monday, April 13th. Finally, Barclays lifted their price target on shares of NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $295.92.

Insider Activity

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction 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 sale, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Hardy sold 5,289 shares of the business’s 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 transaction, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. This trade represents 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. Over the last 90 days, insiders have sold 12,611 shares of company stock valued at $3,182,068. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $313.27 on Friday. The business’s 50 day moving average is $279.65 and its two-hundred day moving average is $241.79. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The firm has a market cap of $79.09 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.08 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.

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 return on equity of 26.75% and a net margin of 21.03%.The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the business posted $2.64 EPS. The business’s revenue was up 12.2% on a year-over-year basis. Analysts forecast that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders 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 annualized dividend and a dividend yield of 1.3%. NXP Semiconductors’s dividend payout ratio (DPR) 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.