HighTower Advisors LLC Invests $19.18 Million in NXP Semiconductors N.V. $NXPI

Key Points

• HighTower Advisors acquired 68,255 shares of NXP Semiconductors worth approximately $19.18 million during the second quarter. Institutional investors collectively own 90.54% of the company.
• Analysts maintain a generally positive view, with 16 Buy ratings, nine Holds, and one Sell; the consensus rating is “Moderate Buy” with a target price of $305.65.
• NXP reported quarterly EPS of $3.61 and revenue of $3.50 billion, beating estimates and marking 19.5% year-over-year revenue growth. The company also declared a quarterly dividend of $1.014, equivalent to a 1.8% annualized yield.

HighTower Advisors LLC bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 68,255 shares of the semiconductor provider's stock, valued at approximately $19,182,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MCF Advisors LLC grew its position in shares of NXP Semiconductors by 25.3% during the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider's stock valued at $46,000 after acquiring an additional 43 shares during the period. Aptus Capital Advisors LLC lifted its position in NXP Semiconductors by 1.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider's stock valued at $752,000 after purchasing an additional 43 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in NXP Semiconductors by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock valued at $454,000 after purchasing an additional 45 shares during the period. IHT Wealth Management LLC grew its holdings in NXP Semiconductors by 4.6% during the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider's stock valued at $261,000 after purchasing an additional 52 shares during the period. Finally, Equitable Holdings Inc. increased its position in NXP Semiconductors by 1.4% in the fourth quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider's stock worth $828,000 after buying an additional 54 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on NXPI. Bank of America reaffirmed a "neutral" rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Weiss Ratings reiterated a "hold (c+)" rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Sanford C. Bernstein reissued a "market perform" rating and issued a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Wells Fargo & Company decreased their target price on shares of NXP Semiconductors from $290.00 to $280.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus set a $282.00 price target on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $305.65.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares of the company's stock, valued at $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company's stock.

NXP Semiconductors Stock Down 1.7%

NASDAQ NXPI opened at $223.87 on Wednesday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a market cap of $56.45 billion, a PE ratio of 19.10, a P/E/G ratio of 0.77 and a beta of 1.81. The stock's 50 day moving average is $248.05 and its 200 day moving average is $251.64.

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

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors's dividend payout ratio (DPR) is presently 34.64%.

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.

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