Mercer Global Advisors Inc. ADV Buys 425 Shares of NXP Semiconductors (NASDAQ:NXPI)

Mercer Global Advisors Inc. ADV raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,699 shares of the semiconductor provider’s stock after purchasing an additional 425 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in NXP Semiconductors were worth $5,301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NXPI. E Fund Management Co. Ltd. raised its stake in NXP Semiconductors by 20.2% during the second quarter. E Fund Management Co. Ltd. now owns 5,155 shares of the semiconductor provider’s stock valued at $1,387,000 after purchasing an additional 865 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of NXP Semiconductors by 5.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 35,760 shares of the semiconductor provider’s stock valued at $9,623,000 after buying an additional 1,965 shares in the last quarter. Virtu Financial LLC bought a new position in shares of NXP Semiconductors in the 2nd quarter valued at about $1,858,000. Edgestream Partners L.P. purchased a new position in NXP Semiconductors in the second quarter worth about $258,000. Finally, GDS Wealth Management grew its position in 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 acquiring an additional 4,409 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $231.88 on Friday. The company has a market cap of $59.29 billion, a PE ratio of 21.41, a P/E/G ratio of 2.50 and a beta of 1.49. The firm’s 50 day moving average price is $248.01 and its 200-day moving average price is $254.34. 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 has a 52-week low of $167.21 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.38. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 EPS. Sell-side analysts forecast that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

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

Insider Buying and Selling at NXP Semiconductors

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NXPI shares. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Needham & Company LLC raised their price target on NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Citigroup boosted their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research report on Monday, July 15th. Cantor Fitzgerald restated an “overweight” rating and issued a $350.00 target price on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Finally, Barclays upped their price target on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. One investment 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. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $294.89.

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.