Providence Capital Advisors LLC grew its position in NXP Semiconductors NV (NASDAQ:NXPI) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,072 shares of the semiconductor provider’s stock after acquiring an additional 404 shares during the period. Providence Capital Advisors LLC’s holdings in NXP Semiconductors were worth $2,057,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC acquired a new position in NXP Semiconductors during the second quarter worth approximately $26,000. Next Capital Management LLC acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $26,000. Citizens Financial Group Inc RI increased its holdings in shares of NXP Semiconductors by 56.3% during the 1st quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock worth $32,000 after acquiring an additional 129 shares during the last quarter. Essex Savings Bank acquired a new position in shares of NXP Semiconductors during the 1st quarter worth approximately $35,000. Finally, Cornerstone Advisors Inc. raised its stake in NXP Semiconductors by 55.8% in the 2nd quarter. Cornerstone Advisors Inc. now owns 374 shares of the semiconductor provider’s stock valued at $37,000 after acquiring an additional 134 shares during the period. Institutional investors own 74.97% of the company’s stock.
NXP Semiconductors stock traded up $1.92 during midday trading on Wednesday, hitting $109.78. The company’s stock had a trading volume of 256,306 shares, compared to its average volume of 2,348,696. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.82 and a quick ratio of 1.44. The company has a market cap of $35.30 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.36 and a beta of 1.24. NXP Semiconductors NV has a 1-year low of $67.62 and a 1-year high of $108.96. The company has a 50-day moving average price of $101.89 and a two-hundred day moving average price of $97.27.
NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Tuesday, July 30th. The semiconductor provider reported $2.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.52. NXP Semiconductors had a net margin of 23.10% and a return on equity of 22.22%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. Sell-side analysts forecast that NXP Semiconductors NV will post 6.34 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be paid a $0.375 dividend. This is a boost from NXP Semiconductors’s previous quarterly dividend of $0.25. This represents a $1.50 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, September 13th. NXP Semiconductors’s payout ratio is 16.84%.
In other NXP Semiconductors news, EVP Keith M. Shull sold 4,569 shares of NXP Semiconductors stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $105.53, for a total value of $482,166.57. Following the completion of the transaction, the executive vice president now directly owns 13,783 shares of the company’s stock, valued at approximately $1,454,519.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Peter L. Bonfield sold 10,000 shares of NXP Semiconductors stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $98.36, for a total value of $983,600.00. Following the completion of the transaction, the chairman now directly owns 24,404 shares of the company’s stock, valued at $2,400,377.44. The disclosure for this sale can be found here.
NXPI has been the subject of a number of research analyst reports. BidaskClub cut shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. Loop Capital initiated coverage on shares of NXP Semiconductors in a research report on Wednesday, August 28th. They issued a “buy” rating and a $118.00 price objective on the stock. ValuEngine cut shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Raymond James started coverage on shares of NXP Semiconductors in a report on Monday, August 19th. They set an “outperform” rating and a $115.00 target price for the company. Finally, Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $105.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $105.40.
NXP Semiconductors Company 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.
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