Saudi Central Bank purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,688 shares of the semiconductor provider’s stock, valued at approximately $56,000.
A number of other hedge funds have also made changes to their positions in NXPI. MCF Advisors LLC boosted its position in NXP Semiconductors by 25.3% during the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after purchasing an additional 43 shares during the period. Aptus Capital Advisors LLC lifted its stake in shares of NXP Semiconductors by 1.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock worth $752,000 after buying an additional 43 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of NXP Semiconductors by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after buying an additional 45 shares during the period. IHT Wealth Management LLC grew its stake in NXP Semiconductors by 4.6% in the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after buying an additional 52 shares during the last quarter. Finally, Equitable Holdings Inc. grew its stake in NXP Semiconductors by 1.4% in the 4th quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock valued at $828,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.
NXP Semiconductors Trading Down 0.2%
Shares of NXP Semiconductors stock opened at $223.32 on Thursday. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The stock has a market capitalization of $56.31 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.81. The company has a 50-day simple moving average of $246.93 and a 200 day simple moving average of $251.58. 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 Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.
Insider Transactions at NXP Semiconductors
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction 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 SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on NXPI. UBS Group reissued a “neutral” rating and set a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Morgan Stanley increased their target price on NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Bank of America restated a “neutral” rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Citigroup reissued a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.65.
View Our Latest Stock Analysis on NXPI
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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