Bourgeon Capital Management LLC Buys 2,999 Shares of NXP Semiconductors N.V. $NXPI

Bourgeon Capital Management LLC lifted its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 52.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,750 shares of the semiconductor provider’s stock after purchasing an additional 2,999 shares during the quarter. Bourgeon Capital Management LLC’s holdings in NXP Semiconductors were worth $1,899,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NXPI. Brighton Jones LLC lifted its stake in shares of NXP Semiconductors by 20.6% during the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock valued at $265,000 after acquiring an additional 218 shares during the period. NewEdge Advisors LLC increased its position in NXP Semiconductors by 3.4% in the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock worth $1,334,000 after purchasing an additional 234 shares during the period. Lido Advisors LLC increased its position in NXP Semiconductors by 1.8% in the second quarter. Lido Advisors LLC now owns 20,235 shares of the semiconductor provider’s stock worth $4,430,000 after purchasing an additional 366 shares during the period. Fisher Asset Management LLC raised its holdings in NXP Semiconductors by 7.5% during the 2nd quarter. Fisher Asset Management LLC now owns 1,293 shares of the semiconductor provider’s stock worth $283,000 after purchasing an additional 90 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in NXP Semiconductors by 33.7% during the 2nd quarter. M&T Bank Corp now owns 9,945 shares of the semiconductor provider’s stock worth $2,173,000 after purchasing an additional 2,509 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $196.86 on Wednesday. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $49.74 billion, a P/E ratio of 24.79, a PEG ratio of 0.84 and a beta of 1.45. The business has a 50-day moving average of $218.46 and a 200-day moving average of $218.66. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $256.36.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.04. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same period last year, the company posted $3.18 EPS. NXP Semiconductors’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $4.06 annualized dividend and a yield of 2.1%. NXP Semiconductors’s dividend payout ratio (DPR) is 51.13%.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the transaction, the executive vice president directly owned 11,811 shares of the company’s stock, valued at $2,609,522.34. This trade represents a 51.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the transaction, the executive vice president directly owned 9,942 shares of the company’s stock, valued at $1,934,514.36. This trade represents a 9.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NXPI. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $240.00 target price on shares of NXP Semiconductors in a research note on Wednesday, February 4th. TD Cowen dropped their price target on shares of NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Wells Fargo & Company increased their price objective on shares of NXP Semiconductors from $260.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a research note on Thursday, January 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of NXP Semiconductors in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $253.67.

NXP Semiconductors 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.