Confluence Investment Management LLC Invests $56.11 Million in NXP Semiconductors (NASDAQ:NXPI)

Confluence Investment Management LLC purchased a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 226,459 shares of the semiconductor provider's stock, valued at approximately $56,110,000. Confluence Investment Management LLC owned about 0.09% of NXP Semiconductors as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in NXP Semiconductors by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider's stock worth $2,529,129,000 after buying an additional 118,562 shares in the last quarter. Norges Bank acquired a new stake in NXP Semiconductors during the fourth quarter worth about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider's stock worth $535,747,000 after buying an additional 2,097,727 shares in the last quarter. Ameriprise Financial Inc. grew its position in NXP Semiconductors by 4.4% during the third quarter. Ameriprise Financial Inc. now owns 2,205,035 shares of the semiconductor provider's stock worth $440,841,000 after buying an additional 92,571 shares in the last quarter. Finally, Morgan Stanley grew its position in NXP Semiconductors by 5.8% during the third quarter. Morgan Stanley now owns 2,185,911 shares of the semiconductor provider's stock worth $437,008,000 after buying an additional 119,183 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the sale, the chief executive officer now owns 177,889 shares of the company's stock, valued at approximately $49,052,891.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.11% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. Mizuho upgraded shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and raised their price target for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. Needham & Company LLC raised their price target on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. StockNews.com upgraded shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a research note on Wednesday, May 8th. Finally, Jefferies Financial Group assumed coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They set a "buy" rating and a $325.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus price target of $267.80.

NXP Semiconductors Trading Up 0.1 %

NXPI stock traded up $0.14 during trading on Tuesday, hitting $271.40. The company had a trading volume of 1,639,503 shares, compared to its average volume of 2,198,204. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $258.79 and a 200-day moving average price of $240.28. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $286.87. The stock has a market cap of $69.39 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 2.51 and a beta of 1.50.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.13 billion. As a group, analysts predict that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors's dividend payout ratio is presently 37.49%.

NXP Semiconductors Company Profile

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.