Jefferies Financial Group Inc. Invests $1.37 Million in NXP Semiconductors N.V. $NXPI

Jefferies Financial Group Inc. bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, HoldingsChannel.com reports. The fund bought 4,874 shares of the semiconductor provider’s stock, valued at approximately $1,370,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of NXP Semiconductors during the second quarter valued at approximately $6,716,412,000. Bank of America Corp DE acquired a new position in shares of NXP Semiconductors during the second quarter worth $1,169,846,000. Norges Bank purchased a new stake in NXP Semiconductors in the fourth quarter valued at about $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NXP Semiconductors by 34,719.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock valued at $581,807,000 after purchasing an additional 2,672,697 shares during the last quarter. Finally, Jupiter Topco LLC acquired a new position in NXP Semiconductors during the 2nd quarter valued at approximately $742,385,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. The trade was a 10.06% 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. 0.05% of the stock is currently owned by corporate insiders.

NXP Semiconductors Trading Down 1.0%

Shares of NXPI stock opened at $223.58 on Friday. The company’s 50-day moving average price is $257.48 and its 200-day moving average price is $252.32. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve 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. The stock has a market cap of $56.38 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 0.76 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the firm earned $2.72 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is 34.64%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. TD Cowen lowered their price objective on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Wells Fargo & Company lowered their price target on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. UBS Group reissued a “neutral” rating and set a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a report on Monday, August 3rd. Stifel Nicolaus set a $282.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $305.43.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.