Corient Private Wealth LP acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,028 shares of the semiconductor provider's stock, valued at approximately $8,719,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC grew 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 purchasing an additional 43 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in NXP Semiconductors by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider's stock worth $752,000 after buying an additional 43 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in NXP Semiconductors by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock worth $454,000 after buying an additional 45 shares in the last quarter. IHT Wealth Management LLC boosted its position in NXP Semiconductors by 4.6% in the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider's stock valued at $261,000 after buying an additional 52 shares during the last quarter. Finally, Equitable Holdings Inc. boosted its position in NXP Semiconductors by 1.4% in the 4th quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider's stock valued at $828,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.
Insider Transactions at NXP Semiconductors
In other news, EVP Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on NXPI shares. Bank of America reaffirmed a "neutral" rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Wells Fargo & Company lowered their price objective on NXP Semiconductors from $290.00 to $280.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 29th. TD Cowen lowered their price objective on NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating for the company in a research report on Wednesday, July 29th. Barclays boosted their price objective on NXP Semiconductors from $295.00 to $340.00 and gave the stock an "overweight" rating in a report on Tuesday, May 5th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $305.43.
Read Our Latest Report on NXPI
NXP Semiconductors Stock Performance
Shares of NXP Semiconductors stock opened at $223.58 on Monday. The firm has a fifty day moving average of $257.48 and a two-hundred day moving average of $252.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The stock has a market capitalization of $56.38 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 0.76 and a beta of 1.81. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the company earned $2.72 EPS. The firm's revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current year.
NXP Semiconductors Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors's dividend payout ratio (DPR) is 34.56%.
About NXP Semiconductors
(
Free Report)
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.
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