Figure 8 Investment Strategies LLC bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,552 shares of the semiconductor provider's stock, valued at approximately $2,965,000. NXP Semiconductors accounts for approximately 2.5% of Figure 8 Investment Strategies LLC's portfolio, making the stock its 12th largest position.
Several other institutional investors also recently bought and sold shares of NXPI. BlackRock Inc. acquired a new position in NXP Semiconductors in the second quarter valued at $6,716,412,000. Vanguard Group Inc. boosted its stake in NXP Semiconductors by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider's stock worth $2,954,739,000 after buying an additional 293,558 shares during the last quarter. State Street Corp grew its holdings in NXP Semiconductors by 0.5% in the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider's stock valued at $2,407,382,000 after buying an additional 55,098 shares during the period. Invesco Ltd. increased its stake in shares of NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider's stock valued at $1,210,038,000 after acquiring an additional 818,985 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of NXP Semiconductors by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider's stock valued at $1,180,572,000 after acquiring an additional 30,804 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have weighed in on NXPI. UBS Group reaffirmed a "neutral" rating and set a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. KeyCorp upped their price objective on NXP Semiconductors from $300.00 to $345.00 and gave the stock an "overweight" rating in a report on Wednesday, April 29th. Wells Fargo & Company reduced their target price on NXP Semiconductors from $290.00 to $280.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 29th. Finally, Citigroup reissued a "neutral" rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $305.43.
Read Our Latest Analysis on NXPI
Insider Buying and Selling
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the sale, the executive vice president directly owned 3,643 shares in the company, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.
NXP Semiconductors Stock Down 1.8%
Shares of NXP Semiconductors stock opened at $228.56 on Wednesday. The company has a market capitalization of $57.63 billion, a PE ratio of 19.50, a P/E/G ratio of 0.80 and a beta of 1.82. 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 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The business has a 50-day moving average of $270.32 and a 200-day moving average of $252.62.
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, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion for the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the prior year, the company posted $2.72 earnings per share. The firm's quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.
NXP Semiconductors Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors's dividend payout ratio is 34.64%.
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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