Meeder Advisory Services Inc. purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,607 shares of the semiconductor provider's stock, valued at approximately $1,576,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC raised its stake in shares of NXP Semiconductors by 20.6% during the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after purchasing an additional 218 shares during the last quarter. NewEdge Advisors LLC raised its position in NXP Semiconductors by 3.4% during the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider's stock worth $1,334,000 after acquiring an additional 234 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of NXP Semiconductors by 31.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider's stock worth $170,000 after purchasing an additional 187 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of NXP Semiconductors by 887.0% in the second quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider's stock worth $8,010,000 after acquiring an additional 32,945 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in NXP Semiconductors in the 2nd quarter valued at about $555,000. 90.54% of the stock is owned by hedge funds and other institutional investors.
NXP Semiconductors Trading Down 1.1%
NXP Semiconductors stock opened at $226.02 on Thursday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The firm's 50-day moving average is $269.13 and its 200-day moving average is $252.57. 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 company has a market cap of $56.99 billion, a P/E ratio of 19.28, a PEG ratio of 0.78 and a beta of 1.81.
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 for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.72 EPS. On average, equities analysts expect that NXP Semiconductors N.V. will post 13.73 earnings per share for the current 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%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on NXPI. Weiss Ratings reissued a "hold (c+)" rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Stifel Nicolaus set a $282.00 price target on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Cantor Fitzgerald restated an "overweight" rating and set a $400.00 price objective on shares of NXP Semiconductors in a research note on Monday. Citigroup restated a "neutral" rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Finally, Loop Capital increased their price target on NXP Semiconductors from $275.00 to $290.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus target price of $305.43.
Get Our Latest Analysis on NXPI
Insider Activity at NXP Semiconductors
In other news, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the sale, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 the firm'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 value of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. This trade represents a 10.06% 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 Profile
(
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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