Symmetry Partners LLC Has $203,000 Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Symmetry Partners LLC boosted its position in NXP Semiconductors (NASDAQ:NXPIGet Rating) by 14.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,369 shares of the semiconductor provider’s stock after buying an additional 172 shares during the quarter. Symmetry Partners LLC’s holdings in NXP Semiconductors were worth $203,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $492,516,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of NXP Semiconductors during the 1st quarter worth approximately $250,668,000. BlackRock Inc. boosted its stake in shares of NXP Semiconductors by 3.4% during the 4th quarter. BlackRock Inc. now owns 23,341,781 shares of the semiconductor provider’s stock worth $5,316,790,000 after acquiring an additional 764,512 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of NXP Semiconductors by 8.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,769,600 shares of the semiconductor provider’s stock worth $1,623,079,000 after acquiring an additional 664,862 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of NXP Semiconductors by 42.1% during the 1st quarter. Van ECK Associates Corp now owns 1,846,915 shares of the semiconductor provider’s stock worth $341,827,000 after acquiring an additional 546,882 shares during the period. Institutional investors and hedge funds own 88.25% of the company’s stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $159.94 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.65 and a current ratio of 2.15. NXP Semiconductors has a 52 week low of $140.33 and a 52 week high of $239.91. The stock has a market capitalization of $42.00 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 0.57 and a beta of 1.49. The stock has a fifty day moving average of $171.78 and a 200-day moving average of $173.70.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last posted its quarterly earnings results on Monday, July 25th. The semiconductor provider reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.50. NXP Semiconductors had a return on equity of 49.45% and a net margin of 19.83%. The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the previous year, the firm earned $2.05 EPS. NXP Semiconductors’s revenue was up 27.3% on a year-over-year basis. On average, sell-side analysts expect that NXP Semiconductors will post 12.72 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 15th will be issued a $0.845 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $3.38 dividend on an annualized basis and a yield of 2.11%. NXP Semiconductors’s payout ratio is presently 36.90%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NXPI shares. Morgan Stanley boosted their price target on NXP Semiconductors from $180.00 to $183.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 27th. Cowen boosted their price target on NXP Semiconductors from $190.00 to $200.00 in a research note on Wednesday, July 27th. The Goldman Sachs Group reduced their price target on NXP Semiconductors from $181.00 to $150.00 in a research note on Friday, July 15th. Mizuho reduced their price target on NXP Semiconductors from $205.00 to $200.00 and set a “neutral” rating for the company in a research note on Wednesday, July 27th. Finally, Barclays reduced their price target on NXP Semiconductors from $220.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $202.05.

NXP Semiconductors Company Profile

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NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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