Carlson Capital L P decreased its holdings in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 15.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 320,207 shares of the semiconductor provider’s stock after selling 57,462 shares during the period. Carlson Capital L P owned approximately 0.10% of NXP Semiconductors worth $31,255,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Partners Capital Investment Group LLP purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth $78,000. American Money Management LLC raised its position in shares of NXP Semiconductors by 0.8% in the 2nd quarter. American Money Management LLC now owns 19,173 shares of the semiconductor provider’s stock worth $1,871,000 after buying an additional 160 shares during the period. Riverhead Capital Management LLC raised its position in shares of NXP Semiconductors by 13.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 23,550 shares of the semiconductor provider’s stock worth $2,299,000 after buying an additional 2,800 shares during the period. Pitcairn Co. raised its position in shares of NXP Semiconductors by 42.3% in the 2nd quarter. Pitcairn Co. now owns 41,329 shares of the semiconductor provider’s stock worth $4,034,000 after buying an additional 12,276 shares during the period. Finally, RE Advisers Corp purchased a new position in shares of NXP Semiconductors in the 2nd quarter worth $35,207,000. Institutional investors and hedge funds own 74.97% of the company’s stock.
NASDAQ NXPI traded up $0.70 during trading hours on Friday, reaching $110.73. The company’s stock had a trading volume of 1,610,913 shares, compared to its average volume of 2,332,931. The company has a current ratio of 1.82, a quick ratio of 1.44 and a debt-to-equity ratio of 0.79. The business has a 50-day simple moving average of $102.21 and a 200 day simple moving average of $97.44. NXP Semiconductors NV has a 52 week low of $67.62 and a 52 week high of $112.06. The stock has a market cap of $36.16 billion, a PE ratio of 18.64, a PEG ratio of 1.39 and a beta of 1.24.
NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor provider reported $2.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.52. NXP Semiconductors had a return on equity of 22.22% and a net margin of 23.10%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.20 billion. As a group, equities analysts predict that NXP Semiconductors NV will post 6.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, September 13th. This is a positive change from NXP Semiconductors’s previous quarterly dividend of $0.25. NXP Semiconductors’s dividend payout ratio (DPR) is currently 16.84%.
In other NXP Semiconductors news, EVP Keith M. Shull sold 4,569 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $105.53, for a total transaction of $482,166.57. Following the transaction, the executive vice president now directly owns 13,783 shares in the company, valued at approximately $1,454,519.99. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Keith M. Shull sold 4,196 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $108.14, for a total transaction of $453,755.44. Following the transaction, the executive vice president now owns 9,587 shares in the company, valued at $1,036,738.18. The disclosure for this sale can be found here. Insiders have sold 18,765 shares of company stock worth $1,919,522 in the last quarter.
Several research analysts recently weighed in on NXPI shares. Raymond James started coverage on NXP Semiconductors in a research report on Monday, August 19th. They issued an “outperform” rating and a $115.00 target price on the stock. Stifel Nicolaus cut their target price on NXP Semiconductors from $105.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. Loop Capital started coverage on NXP Semiconductors in a report on Wednesday, August 28th. They issued a “buy” rating and a $118.00 price target for the company. Zacks Investment Research downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. Finally, Evercore ISI upgraded NXP Semiconductors from an “in-line” rating to an “outperform” rating and increased their price target for the company from $110.00 to $125.00 in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NXP Semiconductors currently has an average rating of “Buy” and an average target price of $105.40.
NXP Semiconductors Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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