Seven Eight Capital LP Buys Shares of 5,728 NXP Semiconductors (NASDAQ:NXPI)

Seven Eight Capital LP purchased a new stake in shares of NXP Semiconductors (NASDAQ:NXPI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,728 shares of the semiconductor provider’s stock, valued at approximately $1,541,000.

Other large investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of NXP Semiconductors during the 1st quarter valued at about $25,000. FinTrust Capital Advisors LLC boosted its holdings in NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares during the last quarter. Family Firm Inc. purchased a new stake in NXP Semiconductors in the second quarter worth approximately $27,000. Addison Advisors LLC grew its position in NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares during the period. Finally, LifeSteps Financial Inc. purchased a new stake in NXP Semiconductors during the 1st quarter valued at $30,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $238.72 on Friday. The stock has a 50-day moving average price of $248.98 and a 200 day moving average price of $254.45. The stock has a market capitalization of $61.04 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.50 and a beta of 1.49. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm posted $3.04 EPS. Equities research analysts forecast that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.70%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 37.40%.

Insider Buying and Selling at NXP Semiconductors

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NXPI. TD Cowen dropped their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Morgan Stanley cut their price target on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Mizuho upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $265.00 to $325.00 in a research note on Friday, May 24th. Oppenheimer boosted their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Finally, Needham & Company LLC increased their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. 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 stock. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Company 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.