Moody National Bank Trust Division bought a new stake in shares of NXP Semiconductors (NASDAQ:NXPI – Get Rating) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,673 shares of the semiconductor provider’s stock, valued at approximately $396,000.
Several other hedge funds have also bought and sold shares of the stock. Walleye Capital LLC raised its stake in shares of NXP Semiconductors by 2.8% during the fourth quarter. Walleye Capital LLC now owns 2,022 shares of the semiconductor provider’s stock worth $461,000 after acquiring an additional 55 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of NXP Semiconductors by 9.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 672 shares of the semiconductor provider’s stock worth $153,000 after acquiring an additional 56 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of NXP Semiconductors by 0.5% during the first quarter. Gamco Investors INC. ET AL now owns 12,120 shares of the semiconductor provider’s stock worth $2,243,000 after acquiring an additional 60 shares in the last quarter. Trust Investment Advisors raised its stake in shares of NXP Semiconductors by 0.9% during the first quarter. Trust Investment Advisors now owns 8,149 shares of the semiconductor provider’s stock worth $1,508,000 after acquiring an additional 72 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in shares of NXP Semiconductors by 2.6% in the first quarter. Stratos Wealth Partners LTD. now owns 2,957 shares of the semiconductor provider’s stock worth $547,000 after buying an additional 75 shares during the period. 88.25% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
NXPI has been the topic of several analyst reports. The Goldman Sachs Group decreased their target price on shares of NXP Semiconductors from $181.00 to $150.00 in a research note on Friday, July 15th. Bank of America decreased their target price on shares of NXP Semiconductors from $220.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, June 29th. Cowen lifted their price target on shares of NXP Semiconductors from $190.00 to $200.00 in a report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft cut their price target on shares of NXP Semiconductors from $225.00 to $195.00 in a report on Wednesday, July 20th. Finally, Wells Fargo & Company cut their price target on shares of NXP Semiconductors from $240.00 to $200.00 and set an “overweight” rating on the stock in a report on Monday, July 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.05.
NXP Semiconductors Stock Performance
NXP Semiconductors (NASDAQ:NXPI – Get Rating) last issued its earnings results on Monday, July 25th. The semiconductor provider reported $3.55 earnings per share 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 business had revenue of $3.31 billion during the quarter, compared to analyst estimates 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. Sell-side analysts anticipate that NXP Semiconductors will post 12.72 EPS for the current fiscal 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 given a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Wednesday, September 14th. NXP Semiconductors’s dividend payout ratio (DPR) is 36.90%.
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.
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