Two Sigma Securities LLC Invests $5.16 Million in NXP Semiconductors N.V. $NXPI

Key Points

• Two Sigma Securities acquired 18,375 shares of NXP Semiconductors worth approximately $5.16 million, while institutional investors collectively own 90.54% of the company.
• Analysts maintain a generally positive outlook, with 16 Buy, nine Hold, and one Sell rating; the consensus rating is Moderate Buy with a $305.43 price target.
• NXP exceeded quarterly expectations, reporting $3.61 EPS and $3.50 billion in revenue, up 19.5% year over year. The company also declared a $1.014 quarterly dividend, representing a 1.8% annual yield.

Two Sigma Securities LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,375 shares of the semiconductor provider's stock, valued at approximately $5,164,000. NXP Semiconductors makes up about 0.4% of Two Sigma Securities LLC's portfolio, making the stock its 27th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in NXP Semiconductors by 20.6% in the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after acquiring an additional 218 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of NXP Semiconductors by 3.4% in the 1st quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider's stock valued at $1,334,000 after purchasing an additional 234 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of NXP Semiconductors by 31.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider's stock valued at $170,000 after purchasing an additional 187 shares in the last quarter. Marshall Wace LLP lifted its position in shares of NXP Semiconductors by 887.0% during the 2nd quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider's stock worth $8,010,000 after purchasing an additional 32,945 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of NXP Semiconductors during the 2nd quarter worth $555,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on 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. Oppenheimer boosted their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Bank of America reaffirmed a "neutral" rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. TD Cowen reduced their price target on shares of NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating for the company in a research report on Wednesday, July 29th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $305.43.

Insider Buying and Selling

In other news, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction dated Monday, June 15th. The shares were 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 of the company's stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Price Performance

Shares of NASDAQ NXPI opened at $223.58 on Monday. The stock has a market cap of $56.38 billion, a P/E ratio of 19.08, a P/E/G ratio of 0.76 and a beta of 1.81. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The stock has a 50 day moving average of $257.48 and a two-hundred day moving average of $252.48. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm posted $2.72 earnings per share. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, research analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors's payout ratio is currently 34.56%.

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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