Chartwell Investment Partners LLC increased its holdings in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,466 shares of the semiconductor provider’s stock after acquiring an additional 1,557 shares during the period. Chartwell Investment Partners LLC’s holdings in NXP Semiconductors were worth $4,159,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Colony Group LLC boosted its stake in shares of NXP Semiconductors by 95.7% during the 1st quarter. Colony Group LLC now owns 34,257 shares of the semiconductor provider’s stock worth $2,841,000 after acquiring an additional 16,753 shares in the last quarter. Morgan Stanley grew its holdings in NXP Semiconductors by 18.4% in the first quarter. Morgan Stanley now owns 1,014,901 shares of the semiconductor provider’s stock valued at $84,165,000 after purchasing an additional 157,778 shares during the last quarter. Exane Derivatives grew its holdings in NXP Semiconductors by 11.8% in the first quarter. Exane Derivatives now owns 2,341 shares of the semiconductor provider’s stock valued at $194,000 after purchasing an additional 248 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of NXP Semiconductors in the first quarter valued at $1,118,000. Finally, Sowell Financial Services LLC raised its stake in shares of NXP Semiconductors by 84.3% during the 1st quarter. Sowell Financial Services LLC now owns 597 shares of the semiconductor provider’s stock worth $50,000 after buying an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 88.34% of the company’s stock.
Several equities analysts have weighed in on NXPI shares. BidaskClub downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets dropped their price objective on shares of NXP Semiconductors from $125.00 to $115.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. ValuEngine raised NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Needham & Company LLC raised their price target on NXP Semiconductors from $125.00 to $140.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 27th. Finally, Raymond James upped their price objective on NXP Semiconductors from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $128.71.
Shares of NASDAQ:NXPI opened at $117.53 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.74. NXP Semiconductors NV has a 1 year low of $58.41 and a 1 year high of $139.59. The stock has a market capitalization of $32.79 billion, a P/E ratio of 18.34, a PEG ratio of 3.54 and a beta of 1.46. The stock has a 50-day simple moving average of $115.44 and a 200-day simple moving average of $109.28.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were issued a $0.375 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.50 annualized dividend and a yield of 1.28%. NXP Semiconductors’s payout ratio is 18.66%.
In other NXP Semiconductors news, Director Kenneth A. Goldman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $94.33, for a total transaction of $94,330.00. Following the completion of the sale, the director now directly owns 21,840 shares in the company, valued at $2,060,167.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is owned by insiders.
NXP Semiconductors Company 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.
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