NXP Semiconductors N.V. (NASDAQ:NXPI) Stock Position Raised by Virtu Financial LLC

Key Points

• Virtu Financial LLC increased its holdings in NXP Semiconductors by 28.9% during the 1st quarter, amounting to a total value of $1.64 million from 8,632 shares.
• A significant portion of NXP's stock, approximately 90.54%, is currently owned by institutional investors and hedge funds, indicating strong investment interest in the company.
• NXP Semiconductors reported an earnings per share (EPS) of $2.72, which exceeded analyst expectations, though revenue decreased by 6.4% year-over-year.

Virtu Financial LLC boosted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 28.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,632 shares of the semiconductor provider's stock after purchasing an additional 1,937 shares during the period. Virtu Financial LLC's holdings in NXP Semiconductors were worth $1,641,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC raised its stake in NXP Semiconductors by 15.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock worth $1,004,000 after purchasing an additional 698 shares during the period. Sowell Financial Services LLC purchased a new position in NXP Semiconductors during the first quarter worth approximately $320,000. Farther Finance Advisors LLC raised its stake in NXP Semiconductors by 133.5% during the first quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock worth $409,000 after purchasing an additional 1,231 shares during the period. M&T Bank Corp raised its stake in NXP Semiconductors by 14.5% during the first quarter. M&T Bank Corp now owns 7,436 shares of the semiconductor provider's stock worth $1,413,000 after purchasing an additional 943 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in NXP Semiconductors by 18.2% during the first quarter. Nisa Investment Advisors LLC now owns 12,653 shares of the semiconductor provider's stock worth $2,418,000 after purchasing an additional 1,951 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Up 7.3%

NXPI stock traded up $14.89 during trading on Tuesday, reaching $220.05. The stock had a trading volume of 4,210,058 shares, compared to its average volume of 2,849,885. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $259.74. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $55.48 billion, a P/E ratio of 26.23, a PEG ratio of 2.33 and a beta of 1.41. The firm has a fifty day moving average price of $218.85 and a 200 day moving average price of $206.58.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.20 EPS. On average, equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors's payout ratio is presently 48.39%.

Insider Activity

In other news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the sale, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William Betz sold 6,785 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the sale, the chief financial officer directly owned 1,520 shares of the company's stock, valued at $345,556.80. The trade was a 81.70% decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a research note on Friday, July 18th. TD Cowen raised their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research note on Monday, April 21st. Susquehanna raised their target price on shares of NXP Semiconductors from $195.00 to $210.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, KGI Securities raised shares of NXP Semiconductors to a "strong-buy" rating in a research note on Wednesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $256.05.

NXP Semiconductors Profile

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.