Interval Partners LP Sells 18,630 Shares of NXP Semiconductors (NASDAQ:NXPI)

Interval Partners LP lowered its stake in NXP Semiconductors (NASDAQ:NXPI) by 40.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,967 shares of the semiconductor provider’s stock after selling 18,630 shares during the period. Interval Partners LP’s holdings in NXP Semiconductors were worth $7,526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bank of Montreal Can increased its position in shares of NXP Semiconductors by 55.6% during the 2nd quarter. Bank of Montreal Can now owns 578,146 shares of the semiconductor provider’s stock valued at $156,192,000 after purchasing an additional 206,521 shares during the last quarter. Evergreen Capital Management LLC increased its position in NXP Semiconductors by 8.8% during the second quarter. Evergreen Capital Management LLC now owns 1,792 shares of the semiconductor provider’s stock valued at $484,000 after acquiring an additional 145 shares during the last quarter. Magnetar Financial LLC bought a new position in NXP Semiconductors during the second quarter valued at $1,832,000. Public Sector Pension Investment Board raised its stake in shares of NXP Semiconductors by 71.4% in the second quarter. Public Sector Pension Investment Board now owns 9,725 shares of the semiconductor provider’s stock valued at $2,617,000 after acquiring an additional 4,052 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in shares of NXP Semiconductors by 13.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 6,055 shares of the semiconductor provider’s stock worth $1,629,000 after acquiring an additional 725 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Down 2.9 %

NXPI stock opened at $231.88 on Monday. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The firm has a 50 day moving average of $248.01 and a 200 day moving average of $254.36. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $59.29 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49.

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

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors 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 annualized dividend and a yield of 1.75%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Insider Buying and Selling at NXP Semiconductors

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NXPI. Stifel Nicolaus increased their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Needham & Company LLC increased their price target on NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Citigroup boosted their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a report on Monday, July 15th. Truist Financial reduced their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, TD Cowen lowered their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued 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 price target 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.