NEOS Investment Management LLC acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 194,762 shares of the semiconductor provider’s stock, valued at approximately $612,000. NEOS Investment Management LLC owned 0.08% of NXP Semiconductors as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in NXP Semiconductors by 20.6% in the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after purchasing an additional 218 shares during the period. NewEdge Advisors LLC raised its position in shares of NXP Semiconductors by 3.4% during the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock valued at $1,334,000 after buying an additional 234 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of NXP Semiconductors by 31.7% in the second quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock worth $170,000 after buying an additional 187 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of NXP Semiconductors by 887.0% in the second quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock worth $8,010,000 after buying an additional 32,945 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in shares of NXP Semiconductors during the second quarter worth $555,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Price Performance
NXPI stock opened at $223.87 on Wednesday. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The firm has a market capitalization of $56.45 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. The company has a fifty day simple moving average of $248.05 and a two-hundred day simple moving average of $251.64. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.
NXP Semiconductors Dividend Announcement
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 $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 34.64%.
Analyst Upgrades and Downgrades
NXPI has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Stifel Nicolaus set a $282.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. UBS Group restated a “neutral” rating and set a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Wells Fargo & Company reduced their target price on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Finally, Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $305.65.
Check Out Our Latest Stock Report on NXP Semiconductors
Insider Activity
In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors 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 transaction, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.
NXP Semiconductors Company Profile
NXP Semiconductors N.V. (NASDAQ: NXPI) is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.
Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.
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