SG Americas Securities LLC lessened its stake in shares of NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 78.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,640 shares of the semiconductor provider's stock after selling 34,921 shares during the quarter. SG Americas Securities LLC's holdings in NXP Semiconductors were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC grew its holdings in NXP Semiconductors by 9.6% in the 1st quarter. Gateway Investment Advisers LLC now owns 24,677 shares of the semiconductor provider's stock valued at $4,567,000 after buying an additional 2,160 shares during the period. Foster Victor Wealth Advisors LLC grew its holdings in NXP Semiconductors by 4.6% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 51,778 shares of the semiconductor provider's stock valued at $9,010,000 after buying an additional 2,297 shares during the period. Ritholtz Wealth Management grew its holdings in NXP Semiconductors by 4.2% in the 1st quarter. Ritholtz Wealth Management now owns 6,746 shares of the semiconductor provider's stock valued at $1,249,000 after buying an additional 274 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in NXP Semiconductors by 4.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,507 shares of the semiconductor provider's stock valued at $649,000 after buying an additional 139 shares during the period. Finally, KCS Wealth Advisory grew its holdings in NXP Semiconductors by 1.9% in the 1st quarter. KCS Wealth Advisory now owns 7,272 shares of the semiconductor provider's stock valued at $1,346,000 after buying an additional 133 shares during the period. Hedge funds and other institutional investors own 88.25% of the company's stock.
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NXP Semiconductors Price Performance
NXPI stock opened at $145.25 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.15 and a debt-to-equity ratio of 1.54. NXP Semiconductors has a 52-week low of $132.08 and a 52-week high of $239.91. The stock's 50 day moving average is $159.72 and its two-hundred day moving average is $167.78. The company has a market capitalization of $38.14 billion, a PE ratio of 15.86, a P/E/G ratio of 0.50 and a beta of 1.47.
NXP Semiconductors (NASDAQ:NXPI – Get Rating) last posted its quarterly earnings data on Monday, July 25th. The semiconductor provider reported $4.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.05 by $1.35. NXP Semiconductors had a return on equity of 49.45% and a net
margin of 19.83%. The company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the business earned $2.05 EPS. NXP Semiconductors's revenue for the quarter was up 27.3% compared to the same quarter last year. Analysts predict that NXP Semiconductors will post 12.72 earnings per share for the current fiscal year.
NXP Semiconductors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.845 per share. The ex-dividend date was Wednesday, September 14th. This represents a $3.38 annualized dividend and a yield of 2.33%. NXP Semiconductors's dividend payout ratio is presently 36.90%.
Analyst Upgrades and Downgrades
Several analysts have commented on NXPI shares. Cowen lifted their price target on NXP Semiconductors from $190.00 to $200.00 in a report on Wednesday, July 27th. Bank of America reduced their price objective on NXP Semiconductors from $220.00 to $190.00 and set a "buy" rating on the stock in a research note on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on NXP Semiconductors from $195.00 to $175.00 and set a "buy" rating on the stock in a research note on Tuesday, October 18th. KGI Securities lowered NXP Semiconductors from an "outperform" rating to a "neutral" rating in a research note on Tuesday, October 18th. Finally, Morgan Stanley lifted their price objective on NXP Semiconductors from $180.00 to $183.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.17.
About NXP Semiconductors
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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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