Public Employees Retirement System of Ohio purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,799 shares of the semiconductor provider’s stock, valued at approximately $3,597,000.
A number of other hedge funds also recently bought and sold shares of the business. Allied Private Wealth LLC purchased a new position in NXP Semiconductors in the second quarter worth about $28,000. Bell Investment Advisors Inc purchased a new stake in NXP Semiconductors during the 2nd quarter valued at $29,000. Fiduciary Financial Advisors bought a new stake in NXP Semiconductors in the second quarter worth $28,000. JPL Wealth Management LLC bought a new position in NXP Semiconductors during the third quarter valued at $26,000. Finally, Pingora Partners LLC bought a new stake in shares of NXP Semiconductors in the 2nd quarter worth about $35,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.
Insider Transactions at NXP Semiconductors
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction 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. This trade represents a 10.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.
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NXP Semiconductors Trading Down 1.5%
NXPI opened at $224.99 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The stock’s fifty day moving average is $251.18 and its two-hundred day moving average is $251.97. The company has a market capitalization of $56.73 billion, a P/E ratio of 19.20, a PEG ratio of 0.78 and a beta of 1.81. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.72 earnings per share. Analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.
NXP Semiconductors Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be issued 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 yield of 1.8%. NXP Semiconductors’s dividend payout ratio is currently 34.64%.
NXP Semiconductors Company Profile
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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