Virtu Financial LLC bought a new stake in NXP Semiconductors (NASDAQ:NXPI – Free Report) 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 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.
Get Our Latest Analysis on NXP Semiconductors
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.
Further Reading
- Five stocks we like better than NXP Semiconductors
- Stock Dividend Cuts Happen Are You Ready?
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- 3 Tickers Leading a Meme Stock Revival
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
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: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.