Vise Technologies Inc. acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 5,889 shares of the semiconductor provider’s stock, valued at approximately $1,655,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. MCF Advisors LLC increased its stake in shares of NXP Semiconductors by 25.3% in the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock valued at $46,000 after purchasing an additional 43 shares during the period. Aptus Capital Advisors LLC raised its holdings in shares of NXP Semiconductors by 1.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock valued at $752,000 after buying an additional 43 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of NXP Semiconductors by 2.0% during the first 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 boosted its position in shares of NXP Semiconductors by 4.6% during the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after buying an additional 52 shares during the period. Finally, Equitable Holdings Inc. grew its holdings in NXP Semiconductors by 1.4% in the 4th quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock worth $828,000 after buying an additional 54 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.
NXP Semiconductors Stock Performance
Shares of NASDAQ NXPI opened at $225.56 on Friday. 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 cap of $56.88 billion, a P/E ratio of 19.25, a PEG ratio of 0.76 and a beta of 1.81. The stock has a fifty day moving average price of $265.95 and a two-hundred day moving average price of $252.35. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04.
NXP Semiconductors Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were 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 was Wednesday, June 24th. NXP Semiconductors’s payout ratio is presently 34.56%.
Analysts Set New Price Targets
Several brokerages have weighed in on NXPI. Evercore lifted their target price on NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Wall Street Zen cut NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Raymond James Financial raised their price target on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. TD Cowen cut their price objective on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.
Check Out Our Latest 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 shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at $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 is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares in the company, valued at $1,153,118.79. This represents a 32.40% 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 currently owned by insiders.
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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