Parallel Advisors LLC lifted its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 15.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,183 shares of the semiconductor provider’s stock after purchasing an additional 292 shares during the period. Parallel Advisors LLC’s holdings in NXP Semiconductors were worth $477,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Greenfield Savings Bank grew its holdings in shares of NXP Semiconductors by 24.5% during the second quarter. Greenfield Savings Bank now owns 1,674 shares of the semiconductor provider’s stock worth $366,000 after purchasing an additional 329 shares during the last quarter. Howard Financial Services LTD. lifted its stake in shares of NXP Semiconductors by 5.1% in the second quarter. Howard Financial Services LTD. now owns 1,768 shares of the semiconductor provider’s stock worth $386,000 after acquiring an additional 85 shares during the period. Jacobs & Co. CA lifted its stake in shares of NXP Semiconductors by 3.3% in the second quarter. Jacobs & Co. CA now owns 25,730 shares of the semiconductor provider’s stock worth $5,621,000 after acquiring an additional 815 shares during the period. Cullen Investment Group LTD. lifted its stake in shares of NXP Semiconductors by 14.0% in the second quarter. Cullen Investment Group LTD. now owns 11,903 shares of the semiconductor provider’s stock worth $2,601,000 after acquiring an additional 1,458 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of NXP Semiconductors by 16.8% in the first quarter. Voya Investment Management LLC now owns 474,874 shares of the semiconductor provider’s stock worth $90,255,000 after acquiring an additional 68,209 shares during the period. 90.54% of the stock is currently owned by institutional investors.
NXP Semiconductors Stock Performance
Shares of NXPI opened at $224.05 on Friday. The stock’s 50-day simple moving average is $224.13 and its 200 day simple moving average is $208.38. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $256.62. The stock has a market capitalization of $56.49 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 2.57 and a beta of 1.43. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74.
NXP Semiconductors Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, September 17th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio is 48.39%.
Analysts Set New Price Targets
NXPI has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on NXP Semiconductors in a research note on Thursday, July 10th. They issued a “buy” rating and a $276.00 price objective on the stock. Evercore ISI reaffirmed an “outperform” rating and issued a $289.00 price objective (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. KeyCorp lifted their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Susquehanna boosted their price target on NXP Semiconductors from $195.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $205.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $256.05.
Read Our Latest Stock Report on NXP Semiconductors
Insider Transactions at NXP Semiconductors
In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $216.21, for a total transaction of $216,210.00. Following the transaction, the executive vice president directly owned 6,828 shares in the company, valued at approximately $1,476,281.88. This represents a 12.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William Betz sold 6,785 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the transaction, the chief financial officer owned 1,520 shares in the company, valued at $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,917 shares of company stock valued at $4,298,212 over the last 90 days. Company insiders own 0.12% of the company’s stock.
NXP Semiconductors Company Profile
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.
Read More
- Five stocks we like better than NXP Semiconductors
- 3 Small Caps With Big Return Potential
- Tesla: 2 Reasons to Love Musk’s $1B Buy, 1 Reason to Be Bearish
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Azure Leads While AI Excitement Fuels Microsoft Stock
- The Basics of Support and Resistance
- Darden Restaurants: A Textbook Buy-the-Dip Opportunity
Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report).
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.