Veriti Management LLC Purchases 909 Shares of NXP Semiconductors (NASDAQ:NXPI)

Veriti Management LLC increased its position in NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 22.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,990 shares of the semiconductor provider’s stock after acquiring an additional 909 shares during the quarter. Veriti Management LLC’s holdings in NXP Semiconductors were worth $924,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new position in NXP Semiconductors in the 4th quarter worth $211,000. Telos Capital Management Inc. increased its holdings in shares of NXP Semiconductors by 14.0% during the 4th quarter. Telos Capital Management Inc. now owns 16,450 shares of the semiconductor provider’s stock worth $3,747,000 after purchasing an additional 2,025 shares during the period. Yousif Capital Management LLC bought a new position in shares of NXP Semiconductors during the 4th quarter worth about $8,895,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of NXP Semiconductors by 18.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 656 shares of the semiconductor provider’s stock worth $149,000 after purchasing an additional 102 shares during the period. Finally, Centaurus Financial Inc. bought a new position in shares of NXP Semiconductors during the 4th quarter worth about $126,000. Hedge funds and other institutional investors own 89.03% of the company’s stock.

Several research analysts have recently issued reports on the stock. Mizuho boosted their price objective on shares of NXP Semiconductors from $200.00 to $205.00 in a report on Wednesday, May 4th. Citigroup downgraded shares of NXP Semiconductors from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $240.00 to $190.00 in a report on Tuesday, April 19th. UBS Group decreased their target price on shares of NXP Semiconductors from $170.00 to $160.00 in a research report on Wednesday, May 4th. Susquehanna decreased their target price on shares of NXP Semiconductors from $225.00 to $200.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 4th. Finally, Truist Financial decreased their target price on shares of NXP Semiconductors from $265.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, April 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $222.95.

NASDAQ:NXPI opened at $156.95 on Thursday. The firm has a market cap of $41.21 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 0.58 and a beta of 1.35. NXP Semiconductors has a 12 month low of $155.72 and a 12 month high of $239.91. The company has a quick ratio of 1.39, a current ratio of 1.85 and a debt-to-equity ratio of 1.56. The company’s 50-day moving average price is $176.31 and its two-hundred day moving average price is $192.54.

NXP Semiconductors (NASDAQ:NXPI – Get Rating) last announced its earnings results on Monday, May 2nd. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.26. NXP Semiconductors had a net margin of 18.70% and a return on equity of 40.21%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.10 billion. On average, research analysts expect that NXP Semiconductors will post 12.35 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.845 per share. The ex-dividend date is Tuesday, June 14th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.15%. NXP Semiconductors’s payout ratio is 41.99%.

NXP Semiconductors Company Profile (Get Rating)

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.

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