Concurrent Investment Advisors LLC Purchases Shares of 17,617 NXP Semiconductors N.V. $NXPI

Key Points

• Concurrent Investment Advisors acquired 17,617 shares of NXP Semiconductors in the second quarter, valued at approximately $55,000. Institutional investors and hedge funds collectively own 90.54% of NXPI.
• NXP reported quarterly earnings of $3.61 per share, beating estimates of $3.52, while revenue rose 19.5% year over year to $3.50 billion. The company declared a quarterly dividend of $1.014 per share, representing a 1.8% yield.
• NXPI shares opened at $227.99, below the analyst consensus price target of $305.65. Wall Street’s overall rating is “Moderate Buy,” although an executive recently sold 1,000 shares under a pre-arranged trading plan.

Concurrent Investment Advisors LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 17,617 shares of the semiconductor provider's stock, valued at approximately $55,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in NXP Semiconductors during the second quarter worth approximately $6,716,412,000. Wellington Management Group LLP bought a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $21,099,000. Bank of America Corp DE acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $1,169,846,000. Van ECK Associates Corp bought a new stake in NXP Semiconductors in the 2nd quarter valued at $1,167,458,000. Finally, Norges Bank acquired a new stake in NXP Semiconductors during the 4th quarter valued at $613,029,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $227.99 on Friday. The firm's fifty day moving average price is $239.36 and its two-hundred day moving average price is $251.19. The stock has a market cap of $57.49 billion, a PE ratio of 19.45, a PEG ratio of 0.78 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.NXP Semiconductors's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $2.72 EPS. On average, equities analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors's payout ratio is 34.64%.

Insider Activity

In other news, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the transaction, the executive vice president owned 7,942 shares of the company's stock, valued at $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NXPI has been the topic of several research reports. Sanford C. Bernstein reiterated a "market perform" rating and issued a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Morgan Stanley lifted their target price on shares of NXP Semiconductors from $335.00 to $338.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Weiss Ratings reissued a "hold (c+)" rating on shares of NXP Semiconductors in a report on Friday, July 31st. Susquehanna raised their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. boosted their price objective on NXP Semiconductors from $295.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, NXP Semiconductors presently has an average rating of "Moderate Buy" and a consensus target price of $305.65.

About NXP Semiconductors

NXP Semiconductors N.V. NASDAQ: NXPI is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.

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