Hoylecohen LLC grew its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 7.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,775 shares of the semiconductor provider’s stock after buying an additional 250 shares during the period. Hoylecohen LLC’s holdings in NXP Semiconductors were worth $431,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zweig DiMenna Associates LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth $7,695,000. Mendel Money Management acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth $3,269,000. Sciencast Management LP grew its holdings in shares of NXP Semiconductors by 52.7% during the 2nd quarter. Sciencast Management LP now owns 20,730 shares of the semiconductor provider’s stock worth $2,479,000 after purchasing an additional 7,154 shares in the last quarter. Martin Investment Management LLC grew its holdings in shares of NXP Semiconductors by 4.3% during the 2nd quarter. Martin Investment Management LLC now owns 130,398 shares of the semiconductor provider’s stock worth $14,871,000 after purchasing an additional 5,388 shares in the last quarter. Finally, GWM Advisors LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth $461,000. 88.34% of the stock is currently owned by institutional investors.
In other NXP Semiconductors news, Director Kenneth A. Goldman sold 1,000 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $94.33, for a total value of $94,330.00. Following the completion of the sale, the director now owns 21,840 shares in the company, valued at approximately $2,060,167.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.56% of the company’s stock.
Several analysts recently weighed in on NXPI shares. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $110.00 price objective on shares of NXP Semiconductors in a research note on Tuesday. Evercore ISI upgraded NXP Semiconductors from an “in-line” rating to an “outperform” rating and set a $140.00 price objective for the company in a research report on Monday, June 8th. Zacks Investment Research upgraded NXP Semiconductors from a “hold” rating to a “buy” rating and set a $131.00 target price for the company in a report on Tuesday, July 14th. Jefferies Financial Group lifted their target price on NXP Semiconductors from $118.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Raymond James boosted their price objective on NXP Semiconductors from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $128.71.
Shares of NXPI stock opened at $117.53 on Friday. The stock has a market capitalization of $32.70 billion, a PE ratio of 18.29, a P/E/G ratio of 3.53 and a beta of 1.46. NXP Semiconductors NV has a 1-year low of $58.41 and a 1-year high of $139.59. The business has a 50-day moving average of $115.44 and a 200 day moving average of $109.28. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.74 and a quick ratio of 1.10.
The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, June 12th. NXP Semiconductors’s dividend payout ratio is presently 18.66%.
NXP Semiconductors Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
Further Reading: Cost of Capital Explained
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