Pictet Asset Management Ltd. lowered its stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,033,627 shares of the semiconductor provider’s stock after selling 68,261 shares during the quarter. NXP Semiconductors makes up about 0.6% of Pictet Asset Management Ltd.’s holdings, making the stock its 27th biggest position. Pictet Asset Management Ltd. owned 0.92% of NXP Semiconductors worth $296,112,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC acquired a new stake in NXP Semiconductors during the second quarter worth approximately $26,000. Next Capital Management LLC acquired a new stake in NXP Semiconductors during the second quarter worth approximately $26,000. Citizens Financial Group Inc RI raised its holdings in NXP Semiconductors by 56.3% during the first quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock worth $32,000 after purchasing an additional 129 shares in the last quarter. Cornerstone Advisors Inc. raised its holdings in NXP Semiconductors by 55.8% during the second quarter. Cornerstone Advisors Inc. now owns 374 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 134 shares in the last quarter. Finally, Penserra Capital Management LLC raised its holdings in NXP Semiconductors by 50.0% during the first quarter. Penserra Capital Management LLC now owns 558 shares of the semiconductor provider’s stock worth $49,000 after purchasing an additional 186 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. Stifel Nicolaus cut their price objective on shares of NXP Semiconductors from $105.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. ValuEngine cut shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Raymond James began coverage on shares of NXP Semiconductors in a report on Monday, August 19th. They set an “outperform” rating and a $115.00 price objective on the stock. Finally, Sanford C. Bernstein set a $125.00 target price on shares of NXP Semiconductors and gave the stock a “buy” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NXP Semiconductors has a consensus rating of “Buy” and a consensus target price of $106.33.
NASDAQ:NXPI traded up $1.39 during midday trading on Monday, reaching $106.19. The stock had a trading volume of 47,804 shares, compared to its average volume of 2,225,171. The firm has a fifty day simple moving average of $102.92 and a two-hundred day simple moving average of $97.94. NXP Semiconductors NV has a 12-month low of $67.62 and a 12-month high of $112.06. The company has a quick ratio of 1.44, a current ratio of 1.82 and a debt-to-equity ratio of 0.79. The stock has a market cap of $35.62 billion, a P/E ratio of 17.94, a P/E/G ratio of 1.37 and a beta of 1.24.
NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.52. NXP Semiconductors had a net margin of 23.10% and a return on equity of 22.22%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. On average, sell-side analysts anticipate that NXP Semiconductors NV will post 6.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.41%. This is a positive change from NXP Semiconductors’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, September 13th. NXP Semiconductors’s dividend payout ratio (DPR) is 25.25%.
NXP Semiconductors Company 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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