OneDigital Investment Advisors LLC bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the second quarter, HoldingsChannel.com reports. The firm bought 3,367 shares of the semiconductor provider’s stock, valued at approximately $946,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of NXPI. MCF Advisors LLC boosted its stake in shares of NXP Semiconductors by 25.3% in the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after buying an additional 43 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in 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 purchasing an additional 43 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in NXP Semiconductors by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after purchasing an additional 45 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of NXP Semiconductors by 0.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock valued at $1,829,000 after purchasing an additional 50 shares during the period. Finally, IHT Wealth Management LLC grew its stake in shares of NXP Semiconductors by 4.6% during the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after purchasing an additional 52 shares during the period. 90.54% of the stock is owned by institutional investors.
NXP Semiconductors Stock Performance
Shares of NASDAQ NXPI opened at $232.72 on Tuesday. The firm has a fifty day moving average price of $271.70 and a 200-day moving average price of $252.70. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The stock has a market cap of $58.68 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.82. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95.
NXP Semiconductors Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.
Insider Activity
In other news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the transaction, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This represents a 10.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on NXPI shares. Jefferies Financial Group raised their price objective on shares of NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Morgan Stanley boosted their price objective on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 price objective on shares of NXP Semiconductors in a research note on Monday. 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $305.43.
Read Our Latest Research Report on NXPI
NXP Semiconductors 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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