K2 Principal Fund L.P. Purchases New Position in NXP Semiconductors (NASDAQ:NXPI)

K2 Principal Fund L.P. acquired a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,962 shares of the semiconductor provider’s stock, valued at approximately $1,604,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in shares of NXP Semiconductors in the first quarter valued at about $25,000. FinTrust Capital Advisors LLC increased its position in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the period. Family Firm Inc. bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $27,000. Addison Advisors LLC boosted its stake in shares of NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. Finally, LifeSteps Financial Inc. bought a new position in NXP Semiconductors in the first quarter worth approximately $30,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Trading Down 0.0 %

NXP Semiconductors stock opened at $231.86 on Tuesday. The stock has a 50-day moving average price of $246.99 and a 200 day moving average price of $254.17. The company has a market capitalization of $59.28 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

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

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.75%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Insider Transactions at NXP Semiconductors

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

Analysts Set New Price Targets

NXPI has been the topic of a number of analyst reports. Oppenheimer lifted their price target on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Morgan Stanley cut their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. TD Cowen reduced their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Needham & Company LLC raised their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Citigroup boosted their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average 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.