194,762 Shares in NXP Semiconductors N.V. $NXPI Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 194,762 shares of the semiconductor provider’s stock, valued at approximately $612,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the third quarter valued at approximately $26,000. SHP Wealth Management bought a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $27,000. Allied Private Wealth LLC purchased a new position in NXP Semiconductors during the 2nd quarter valued at $28,000. Fiduciary Financial Advisors purchased a new position in NXP Semiconductors during the 2nd quarter valued at $28,000. Finally, Acumen Wealth Advisors LLC bought a new position in NXP Semiconductors in the 4th quarter valued at $28,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on shares of NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Stifel Nicolaus set a $282.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Sunday. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.65.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the company’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 value of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Price Performance

NXPI opened at $223.87 on Wednesday. The company has a market capitalization of $56.45 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.77 and a beta of 1.81. 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 N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The business’s fifty day simple moving average is $248.05 and its 200-day simple moving average is $251.64.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the company posted $2.72 earnings per share. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is currently 34.64%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. (NASDAQ: NXPI) is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.