VIRGINIA RETIREMENT SYSTEMS ET Al Invests $6.51 Million in NXP Semiconductors N.V. $NXPI

Key Points

• Virginia Retirement Systems acquired 23,150 shares of NXP Semiconductors worth approximately $6.51 million during the second quarter. Institutional investors and hedge funds collectively own 90.54% of NXPI.
• NXP reported quarterly earnings of $3.61 per share, exceeding estimates of $3.52, while revenue rose 19.5% year over year to $3.50 billion.
• The company declared a quarterly dividend of $1.014, equivalent to $4.06 annually and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $305.65.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 23,150 shares of the semiconductor provider's stock, valued at approximately $6,506,000.

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

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 owned 8,942 shares of the company's stock, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company's stock.

NXP Semiconductors Stock Down 1.7%

NXP Semiconductors stock opened at $223.87 on Wednesday. The company has a 50-day simple moving average of $248.05 and a 200-day simple moving average of $251.64. The firm has a market capitalization of $56.45 billion, a P/E ratio of 19.10, a P/E/G ratio of 0.77 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion for 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%. NXP Semiconductors's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $2.72 EPS. As a group, equities analysts expect that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors's dividend payout ratio (DPR) is presently 34.64%.

Analysts Set New Price Targets

NXPI has been the topic of several research analyst reports. Bank of America restated a "neutral" rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Citigroup reissued a "neutral" rating on shares of NXP Semiconductors in a report on Monday, July 13th. Sanford C. Bernstein restated a "market perform" rating and issued a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a research report on Wednesday, July 29th. TD Cowen decreased their price target on shares of NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating for the company in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of NXP Semiconductors in a research report on Tuesday. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus price target of $305.65.

About NXP Semiconductors

NXP Semiconductors N.V. NASDAQ: NXPI is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.

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