SG Americas Securities LLC raised its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 99.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 289,246 shares of the semiconductor provider’s stock after acquiring an additional 144,410 shares during the quarter. SG Americas Securities LLC’s holdings in NXP Semiconductors were worth $63,197,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also added to or reduced their stakes in NXPI. Wellington Management Group LLP raised its position in shares of NXP Semiconductors by 11.7% during the first quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock worth $2,419,662,000 after acquiring an additional 1,330,474 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in NXP Semiconductors by 1.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,237,369 shares of the semiconductor provider’s stock worth $1,799,783,000 after purchasing an additional 103,319 shares in the last quarter. Geode Capital Management LLC lifted its stake in NXP Semiconductors by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 5,571,644 shares of the semiconductor provider’s stock valued at $1,212,425,000 after acquiring an additional 204,547 shares in the last quarter. Invesco Ltd. boosted its holdings in NXP Semiconductors by 8.2% during the first quarter. Invesco Ltd. now owns 4,693,126 shares of the semiconductor provider’s stock worth $891,975,000 after purchasing an additional 353,782 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in NXP Semiconductors by 10.6% during the first quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider’s stock worth $858,902,000 after acquiring an additional 432,838 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.
NXP Semiconductors Price Performance
Shares of NXP Semiconductors stock opened at $197.10 on Friday. The business has a 50 day moving average of $217.52 and a 200 day moving average of $215.95. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 1.09. The company has a market cap of $49.60 billion, a PE ratio of 24.39, a P/E/G ratio of 2.53 and a beta of 1.47. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $255.45.
NXP Semiconductors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, September 17th. NXP Semiconductors’s payout ratio is currently 50.12%.
Analyst Ratings Changes
NXPI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Needham & Company LLC boosted their price objective on NXP Semiconductors from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Sanford C. Bernstein set a $220.00 price objective on NXP Semiconductors and gave the stock a “market perform” rating in a research report on Wednesday, October 29th. Barclays upped their price objective on shares of NXP Semiconductors from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $252.47.
Check Out Our Latest Research Report on NXPI
Insider Activity at NXP Semiconductors
In other news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the sale, the executive vice president directly owned 6,828 shares in the company, valued at $1,476,281.88. This trade represents a 12.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer Wuamett sold 8,372 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the sale, the executive vice president owned 19,175 shares in the company, valued at approximately $3,969,416.75. The trade was a 30.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by insiders.
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.
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