Xact Kapitalforvaltning AB Raises Stock Position in NXP Semiconductors NV (NASDAQ:NXPI)
Xact Kapitalforvaltning AB lifted its position in NXP Semiconductors NV (NASDAQ:NXPI) by 9.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,000 shares of the semiconductor provider’s stock after buying an additional 7,500 shares during the period. Xact Kapitalforvaltning AB’s holdings in NXP Semiconductors were worth $8,590,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $234,256,000. Pictet Asset Management Ltd. grew its position in shares of NXP Semiconductors by 14.8% in the 1st quarter. Pictet Asset Management Ltd. now owns 3,101,888 shares of the semiconductor provider’s stock worth $274,176,000 after buying an additional 400,506 shares during the last quarter. Legal & General Group Plc grew its position in shares of NXP Semiconductors by 3.3% in the 4th quarter. Legal & General Group Plc now owns 2,078,146 shares of the semiconductor provider’s stock worth $152,286,000 after buying an additional 67,267 shares during the last quarter. FIL Ltd grew its position in shares of NXP Semiconductors by 0.8% in the 1st quarter. FIL Ltd now owns 2,052,978 shares of the semiconductor provider’s stock worth $181,462,000 after buying an additional 15,872 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of NXP Semiconductors by 14.8% in the 4th quarter. Geode Capital Management LLC now owns 1,845,502 shares of the semiconductor provider’s stock worth $134,797,000 after buying an additional 238,164 shares during the last quarter. 76.07% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ NXPI traded up $1.90 on Tuesday, hitting $100.64. 177,305 shares of the company’s stock traded hands, compared to its average volume of 3,969,115. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.63. NXP Semiconductors NV has a 1-year low of $67.62 and a 1-year high of $108.51. The stock’s 50-day moving average price is $95.98. The firm has a market cap of $32.67 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.19 and a beta of 1.27.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s payout ratio is 16.84%.
Several research firms have weighed in on NXPI. Bank of America reissued a “buy” rating and set a $105.00 target price (up previously from $100.00) on shares of Zendesk in a research report on Wednesday, May 1st. ValuEngine downgraded shares of Vereit from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley reissued a “neutral” rating and set a $230.00 target price on shares of Tesla in a research report on Wednesday, June 12th. Barclays reissued a “buy” rating on shares of NXP Semiconductors in a research report on Sunday, May 5th. Finally, Mizuho boosted their target price on shares of NXP Semiconductors from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $101.42.
About NXP Semiconductors
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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