Foster Victor Wealth Advisors LLC grew its position in NXP Semiconductors NV (NASDAQ:NXPI) by 77.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,338 shares of the semiconductor provider’s stock after purchasing an additional 6,672 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in NXP Semiconductors were worth $1,656,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in NXPI. Boston Partners raised its holdings in shares of NXP Semiconductors by 196.1% in the 2nd quarter. Boston Partners now owns 5,020,470 shares of the semiconductor provider’s stock valued at $490,104,000 after purchasing an additional 3,324,672 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of NXP Semiconductors by 581.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,665,036 shares of the semiconductor provider’s stock valued at $260,134,000 after purchasing an additional 2,273,799 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of NXP Semiconductors by 221.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,747,433 shares of the semiconductor provider’s stock valued at $268,177,000 after purchasing an additional 1,893,827 shares in the last quarter. PointState Capital LP acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at $130,046,000. Finally, Scopia Capital Management LP acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at $87,332,000. Institutional investors and hedge funds own 74.81% of the company’s stock.
In other NXP Semiconductors news, EVP Keith M. Shull sold 4,569 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $105.53, for a total transaction of $482,166.57. Following the transaction, the executive vice president now directly owns 13,783 shares of the company’s stock, valued at approximately $1,454,519.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Peter L. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $98.36, for a total transaction of $983,600.00. Following the transaction, the chairman now directly owns 24,404 shares in the company, valued at $2,400,377.44. The disclosure for this sale can be found here. Insiders have sold a total of 18,765 shares of company stock worth $1,919,522 over the last three months.
NXP Semiconductors stock traded up $3.84 during midday trading on Friday, hitting $111.09. 296,153 shares of the company’s stock were exchanged, compared to its average volume of 2,544,778. NXP Semiconductors NV has a 12-month low of $67.62 and a 12-month high of $113.50. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.82. The stock has a market cap of $34.10 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 1.31 and a beta of 1.25. The firm’s 50 day simple moving average is $105.38 and its 200 day simple moving average is $99.34.
NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor provider reported $2.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.52. NXP Semiconductors had a net margin of 23.10% and a return on equity of 22.22%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.20 billion. On average, equities research analysts forecast that NXP Semiconductors NV will post 6.34 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were given a dividend of $0.375 per share. This is an increase from NXP Semiconductors’s previous quarterly dividend of $0.25. This represents a $1.50 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, September 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 25.25%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Thursday. Raymond James assumed coverage on shares of NXP Semiconductors in a research report on Monday, August 19th. They issued an “outperform” rating and a $115.00 target price on the stock. ValuEngine raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. BidaskClub raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Finally, Evercore ISI raised shares of NXP Semiconductors from an “in-line” rating to an “outperform” rating and increased their target price for the company from $110.00 to $125.00 in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $106.90.
NXP Semiconductors Company Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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