Plato Investment Management Ltd bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,835 shares of the semiconductor provider's stock, valued at approximately $1,351,000.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of NXP Semiconductors by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider's stock worth $2,954,739,000 after acquiring an additional 293,558 shares during the period. State Street Corp grew its stake in NXP Semiconductors by 0.5% in the fourth quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider's stock worth $2,407,382,000 after purchasing an additional 55,098 shares in the last quarter. Invesco Ltd. increased its holdings in NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider's stock worth $1,210,038,000 after purchasing an additional 818,985 shares during the period. Geode Capital Management LLC increased its holdings in 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 worth $1,180,572,000 after purchasing an additional 30,804 shares during the period. Finally, Van ECK Associates Corp raised its position in NXP Semiconductors by 11.0% during the 4th quarter. Van ECK Associates Corp now owns 4,253,320 shares of the semiconductor provider's stock valued at $923,225,000 after purchasing an additional 421,011 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.
NXP Semiconductors Price Performance
Shares of NXPI stock opened at $232.72 on Tuesday. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. 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 firm has a market capitalization of $58.68 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 0.80 and a beta of 1.82. The stock's 50-day simple moving average is $271.70 and its 200-day simple moving average is $252.70.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. NXP Semiconductors's revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm posted $2.72 EPS. As a group, equities analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.
NXP Semiconductors Dividend Announcement
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.7%. NXP Semiconductors's payout ratio is 34.64%.
Insiders Place Their Bets
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated 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 owned 8,942 shares in the company, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their position. The transaction 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 Christopher L. Jensen sold 1,746 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares in the company, valued at $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. 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 owned by insiders.
Analyst Upgrades and Downgrades
NXPI has been the topic of a number of recent research reports. Loop Capital increased their price target on NXP Semiconductors from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. TD Cowen decreased their price objective on NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating for the company in a research note on Wednesday, July 29th. Wolfe Research raised their price objective on NXP Semiconductors from $270.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, April 29th. Mizuho cut their target price on NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 29th. Finally, Barclays boosted their target price on shares of NXP Semiconductors from $295.00 to $340.00 and gave the stock an "overweight" rating in a report on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $305.43.
View Our Latest Analysis on NXPI
NXP Semiconductors Company 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.
Featured Articles
Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider NXP Semiconductors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NXP Semiconductors wasn't on the list.
While NXP Semiconductors currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
