Virtu Financial LLC Takes Position in NXP Semiconductors (NASDAQ:NXPI)

Virtu Financial LLC bought a new stake in NXP Semiconductors (NASDAQ:NXPI) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 6,904 shares of the semiconductor provider’s stock, valued at approximately $1,858,000.

Several other institutional investors also recently bought and sold shares of the stock. Edgestream Partners L.P. bought a new stake in NXP Semiconductors in the second quarter valued at approximately $258,000. GDS Wealth Management increased its stake in shares of NXP Semiconductors by 9.3% in the second quarter. GDS Wealth Management now owns 51,755 shares of the semiconductor provider’s stock worth $13,927,000 after buying an additional 4,409 shares during the period. Quantbot Technologies LP raised its holdings in NXP Semiconductors by 372.6% during the 2nd quarter. Quantbot Technologies LP now owns 16,082 shares of the semiconductor provider’s stock valued at $4,328,000 after buying an additional 12,679 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in NXP Semiconductors by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,086,245 shares of the semiconductor provider’s stock valued at $292,246,000 after buying an additional 127,607 shares during the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new stake in NXP Semiconductors during the 2nd quarter valued at $54,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Up 1.1 %

Shares of NASDAQ:NXPI opened at $232.57 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $250.71 and a two-hundred day simple moving average of $254.72. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The stock has a market capitalization of $59.46 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.50 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm earned $3.04 EPS. NXP Semiconductors’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, research analysts anticipate that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NXPI shares. Cantor Fitzgerald restated an “overweight” rating and issued a $350.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. Morgan Stanley lowered their price target on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Barclays lifted their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Oppenheimer lifted their price target on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Finally, Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $265.00 to $325.00 in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

Insider Activity

In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

About NXP Semiconductors

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.