NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Advisory Services Network LLC

Advisory Services Network LLC grew its position in NXP Semiconductors (NASDAQ:NXPIGet Rating) by 3.3% in the first quarter, HoldingsChannel reports. The fund owned 12,338 shares of the semiconductor provider’s stock after acquiring an additional 389 shares during the quarter. Advisory Services Network LLC’s holdings in NXP Semiconductors were worth $2,283,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Core Alternative Capital raised its position in shares of NXP Semiconductors by 2,183.3% during the 1st quarter. Core Alternative Capital now owns 137 shares of the semiconductor provider’s stock worth $25,000 after purchasing an additional 131 shares during the last quarter. Riverview Trust Co acquired a new position in shares of NXP Semiconductors during the 1st quarter worth about $26,000. Toth Financial Advisory Corp grew its stake in NXP Semiconductors by 265.1% during the 1st quarter. Toth Financial Advisory Corp now owns 157 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 114 shares in the last quarter. Steward Financial Group LLC purchased a new stake in NXP Semiconductors during the 1st quarter valued at about $30,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in NXP Semiconductors during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 88.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on NXPI shares. Cowen upped their price objective on shares of NXP Semiconductors from $190.00 to $200.00 in a research note on Wednesday, July 27th. Cowen upped their price objective on shares of NXP Semiconductors from $190.00 to $200.00 in a research note on Wednesday, July 27th. Barclays dropped their price objective on shares of NXP Semiconductors from $220.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, June 21st. Bank of America dropped their price target on shares of NXP Semiconductors from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, June 29th. Finally, Needham & Company LLC increased their price target on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a “strong-buy” rating in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $202.05.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $159.94 on Friday. The firm’s 50 day moving average price is $171.78 and its 200-day moving average price is $173.80. 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 one year low of $140.33 and a one year high of $239.91. The firm has a market cap of $42.00 billion, a P/E ratio of 17.46, a P/E/G ratio of 0.57 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last released its earnings results on Monday, July 25th. The semiconductor provider reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.50. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.27 billion. NXP Semiconductors had a net margin of 19.83% and a return on equity of 49.45%. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.05 EPS. As a group, equities research analysts predict that NXP Semiconductors will post 12.72 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm 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 dividend of $0.845 per share. The ex-dividend date is Wednesday, September 14th. This represents a $3.38 dividend on an annualized basis and a yield of 2.11%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 36.90%.

About NXP Semiconductors

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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.

See Also

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 (NASDAQ:NXPIGet Rating).

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

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