MQS Management LLC Acquires New Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

MQS Management LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,211 shares of the semiconductor provider's stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NXPI. Runnymede Capital Advisors Inc. purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $32,000. Valley National Advisers Inc. increased its position in shares of NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after purchasing an additional 126 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $44,000. Rossby Financial LCC purchased a new stake in shares of NXP Semiconductors during the first quarter worth approximately $46,000. Finally, GoalVest Advisory LLC increased its position in shares of NXP Semiconductors by 472.9% during the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after purchasing an additional 227 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NXPI shares. The Goldman Sachs Group started coverage on NXP Semiconductors in a research note on Thursday, July 10th. They issued a "buy" rating and a $276.00 target price for the company. Barclays decreased their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Citigroup upped their price target on NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $289.00 price target (up previously from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average price target of $251.63.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the transaction, the executive vice president owned 27,088 shares in the company, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded down $0.48 during mid-day trading on Wednesday, reaching $220.58. 2,140,247 shares of the stock were exchanged, compared to its average volume of 2,773,326. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $296.08. The company has a 50 day simple moving average of $211.57 and a 200-day simple moving average of $205.62. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $55.73 billion, a P/E ratio of 24.03, a P/E/G ratio of 2.80 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same period last year, the firm earned $3.24 EPS. The company's quarterly revenue was down 9.3% compared to the same quarter last year. Analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 44.23%.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.