Corient Private Wealth LP acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 31,028 shares of the semiconductor provider’s stock, valued at approximately $8,719,000.
Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in NXP Semiconductors in the second quarter valued at about $6,716,412,000. Bank of America Corp DE bought a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $1,169,846,000. Norges Bank acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at approximately $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NXP Semiconductors by 34,719.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock worth $581,807,000 after purchasing an additional 2,672,697 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new stake in NXP Semiconductors during the 2nd quarter worth approximately $742,385,000. Institutional investors and hedge funds own 90.54% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently weighed in on NXPI. Stifel Nicolaus set a $282.00 price target on shares of NXP Semiconductors in a report on Wednesday, July 29th. TD Cowen reduced their target price on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Wall Street Zen downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Saturday. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 price target on shares of NXP Semiconductors in a report on Monday, August 17th. Finally, Oppenheimer increased their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $305.43.
Insider Activity at NXP Semiconductors
In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was 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 owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.
NXP Semiconductors Price Performance
Shares of NXPI stock opened at $223.58 on Monday. The firm’s fifty day moving average price is $257.48 and its two-hundred day moving average price is $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 N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The firm has a market capitalization of $56.38 billion, a P/E ratio of 19.08, a PEG ratio of 0.76 and a beta of 1.81.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last announced 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 company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.NXP Semiconductors’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.72 EPS. On average, equities analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.
NXP Semiconductors Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors’s dividend 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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