Assetmark Inc. Has $15.82 Million Position in NXP Semiconductors N.V. $NXPI

Assetmark Inc. raised its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 98.3% in the 1st quarter, Holdings Channel reports. The firm owned 80,381 shares of the semiconductor provider’s stock after buying an additional 39,847 shares during the period. Assetmark Inc.’s holdings in NXP Semiconductors were worth $15,824,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NXPI. JPL Wealth Management LLC bought a new position in shares of NXP Semiconductors during the third quarter worth $26,000. SHP Wealth Management bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at $27,000. Acumen Wealth Advisors LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at $28,000. Jessup Wealth Management Inc acquired a new stake in NXP Semiconductors during the 4th quarter worth $29,000. Finally, Quattro Advisors LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth $30,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

NXPI opened at $266.53 on Monday. The company has a market capitalization of $67.29 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 0.96 and a beta of 1.79. The business’s 50-day moving average price is $298.25 and its two-hundred day moving average price is $250.69. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data 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 during 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%.NXP Semiconductors’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.64 earnings per share. Equities analysts expect that NXP Semiconductors N.V. will post 13.49 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. NXP Semiconductors’s dividend payout ratio is 38.85%.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the transaction, the executive vice president directly owned 2,020 shares of the company’s stock, valued at $474,700. This trade represents a 72.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction 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. This trade represents a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,611 shares of company stock valued at $3,182,068 in the last ninety days. 0.05% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on NXPI. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Wall Street Zen raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Sanford C. Bernstein increased their target price on NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $307.27.

About NXP Semiconductors

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.