Quadrant Capital Group LLC Acquires New Holdings in NXP Semiconductors N.V. $NXPI

Quadrant Capital Group LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, Holdings Channel reports. The institutional investor bought 5,240 shares of the semiconductor provider’s stock, valued at approximately $1,186,000.

Other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC purchased a new stake in NXP Semiconductors in the 3rd quarter valued at $3,264,000. Robeco Institutional Asset Management B.V. bought a new position in NXP Semiconductors during the 3rd quarter valued at $87,502,000. Diversify Advisory Services LLC bought a new position in NXP Semiconductors during the 3rd quarter valued at $594,000. DUTCH ASSET Corp purchased a new position in NXP Semiconductors during the 3rd quarter worth $287,000. Finally, 55 North Private Wealth LLC purchased a new position in NXP Semiconductors during the 3rd quarter worth $240,000. Institutional investors own 90.54% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the completion of the transaction, the executive vice president owned 7,942 shares in the company, valued at approximately $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the sale, the executive vice president owned 288 shares of the company’s stock, valued at $69,120. This trade represents a 92.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NXPI. UBS Group reiterated a “neutral” rating and issued a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Susquehanna boosted their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. TD Cowen cut their price target on shares of NXP Semiconductors from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $302.30.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $234.92 on Friday. The business’s fifty day simple moving average is $230.20 and its 200 day simple moving average is $257.46. The firm has a market capitalization of $59.24 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 0.81 and a beta of 1.80. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.09. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.72 earnings per share. As a group, analysts anticipate that NXP Semiconductors N.V. will post 13.75 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s payout ratio is presently 34.64%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.