Quantitative Systematic Strategies LLC bought a new position in shares of NXP Semiconductors NV (NASDAQ:NXPI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,005 shares of the semiconductor provider’s stock, valued at approximately $266,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Loews Corp purchased a new stake in NXP Semiconductors in the 4th quarter valued at approximately $290,000. Providence Capital Advisors LLC boosted its holdings in NXP Semiconductors by 4.9% in the 4th quarter. Providence Capital Advisors LLC now owns 19,789 shares of the semiconductor provider’s stock valued at $1,450,000 after purchasing an additional 921 shares in the last quarter. Windsor Creek Advisors LLC purchased a new stake in NXP Semiconductors in the 4th quarter valued at approximately $306,000. Klingenstein Fields & Co. LLC purchased a new stake in NXP Semiconductors in the 4th quarter valued at approximately $8,540,000. Finally, First Hawaiian Bank boosted its holdings in NXP Semiconductors by 748.5% in the 4th quarter. First Hawaiian Bank now owns 2,325 shares of the semiconductor provider’s stock valued at $170,000 after purchasing an additional 2,051 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.
Shares of NXP Semiconductors stock opened at $100.59 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.54 and a quick ratio of 1.17. NXP Semiconductors NV has a 1 year low of $67.62 and a 1 year high of $122.24. The company has a market cap of $33.25 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.28 and a beta of 1.09.
NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, February 6th. The semiconductor provider reported $2.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.28. NXP Semiconductors had a return on equity of 15.52% and a net margin of 23.47%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. On average, analysts forecast that NXP Semiconductors NV will post 6.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 18th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. NXP Semiconductors’s dividend payout ratio is currently 16.84%.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised NXP Semiconductors from a “sell” rating to a “hold” rating and set a $109.00 price objective on the stock in a report on Wednesday, April 10th. ValuEngine raised NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Piper Jaffray Companies lifted their price objective on NXP Semiconductors from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. BidaskClub raised NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $95.00 price target on shares of NXP Semiconductors in a research note on Thursday, January 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $101.02.
NXP Semiconductors 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.
Further Reading: Buy-Side Analysts
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