MQS Management LLC Makes New $340,000 Investment in NXP Semiconductors (NASDAQ:NXPI)

MQS Management LLC purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,264 shares of the semiconductor provider’s stock, valued at approximately $340,000.

A number of other institutional investors also recently modified their holdings of NXPI. Vanguard Group Inc. raised its holdings in NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of NXP Semiconductors by 893.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after purchasing an additional 2,097,727 shares during the period. Van ECK Associates Corp raised its stake in shares of NXP Semiconductors by 10.6% during the 2nd quarter. Van ECK Associates Corp now owns 1,818,393 shares of the semiconductor provider’s stock valued at $489,312,000 after purchasing an additional 173,697 shares during the period. Putnam Investments LLC lifted its holdings in NXP Semiconductors by 4.4% during the 4th quarter. Putnam Investments LLC now owns 1,564,236 shares of the semiconductor provider’s stock worth $359,274,000 after purchasing an additional 65,741 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in NXP Semiconductors by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock worth $412,628,000 after purchasing an additional 80,087 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Trading Down 2.9 %

NASDAQ NXPI opened at $231.88 on Friday. The stock has a 50 day simple moving average of $248.01 and a two-hundred day simple moving average of $254.30. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The stock has a market cap of $59.29 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21.

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

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.40%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NXPI. Barclays upped their price target on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Oppenheimer increased their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Citigroup raised their price target on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a report on Monday, July 15th. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price target for the stock from $265.00 to $325.00 in a report on Friday, May 24th. Finally, Truist Financial dropped their price objective on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors 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.