Vantage Investment Partners LLC raised its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 5.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 34,193 shares of the semiconductor provider’s stock after acquiring an additional 1,675 shares during the period. Vantage Investment Partners LLC’s holdings in NXP Semiconductors were worth $7,471,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of the business. Integrated Wealth Concepts LLC increased its position in NXP Semiconductors by 15.8% during the first quarter. Integrated Wealth Concepts LLC now owns 9,336 shares of the semiconductor provider’s stock worth $1,774,000 after acquiring an additional 1,274 shares during the period. Generate Investment Management Ltd acquired a new stake in NXP Semiconductors in the 2nd quarter worth $8,737,000. Assenagon Asset Management S.A. increased its holdings in shares of NXP Semiconductors by 163.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 113,896 shares of the semiconductor provider’s stock worth $24,885,000 after purchasing an additional 70,697 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of NXP Semiconductors by 15.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider’s stock worth $1,004,000 after purchasing an additional 698 shares during the period. Finally, Cullen Investment Group LTD. raised its position in shares of NXP Semiconductors by 14.0% during the second quarter. Cullen Investment Group LTD. now owns 11,903 shares of the semiconductor provider’s stock valued at $2,601,000 after buying an additional 1,458 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.
NXP Semiconductors Stock Performance
NXPI stock opened at $228.89 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. The company has a 50 day moving average price of $224.57 and a 200 day moving average price of $209.62. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $256.62. The stock has a market capitalization of $57.71 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.59 and a beta of 1.44.
NXP Semiconductors Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio is presently 48.27%.
Insider Activity
In other NXP Semiconductors news, CFO William Betz sold 6,785 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the transaction, the chief financial officer directly owned 1,520 shares of the company’s stock, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Rafael Sotomayor sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total transaction of $439,140.00. Following the sale, the president owned 4,958 shares of the company’s stock, valued at $1,088,628.06. The trade was a 28.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,785 shares of company stock valued at $2,197,852. 0.12% of the stock is currently owned by insiders.
Analysts Set New Price Targets
NXPI has been the topic of several research reports. Truist Financial boosted their price target on NXP Semiconductors from $230.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Stifel Nicolaus lifted their price objective on NXP Semiconductors from $170.00 to $210.00 and gave the stock a “hold” rating in a report on Friday, July 18th. The Goldman Sachs Group started coverage on NXP Semiconductors in a research note on Thursday, July 10th. They issued a “buy” rating and a $276.00 target price for the company. Citigroup lifted their price target on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NXP Semiconductors in a report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $256.05.
Get Our Latest Stock Report on NXP Semiconductors
About NXP Semiconductors
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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