Paloma Partners Management Co Makes New $755,000 Investment in NXP Semiconductors (NASDAQ:NXPI)

Paloma Partners Management Co purchased a new stake in NXP Semiconductors (NASDAQ:NXPIGet Rating) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,100 shares of the semiconductor provider’s stock, valued at approximately $755,000.

Other institutional investors have also recently modified their holdings of the company. Core Alternative Capital lifted its holdings in NXP Semiconductors by 2,183.3% in the first quarter. Core Alternative Capital now owns 137 shares of the semiconductor provider’s stock valued at $25,000 after acquiring an additional 131 shares during the period. MV Capital Management Inc. lifted its stake in shares of NXP Semiconductors by 37.3% in the second quarter. MV Capital Management Inc. now owns 232 shares of the semiconductor provider’s stock valued at $34,000 after purchasing an additional 63 shares during the period. CoreCap Advisors LLC purchased a new stake in NXP Semiconductors during the second quarter worth about $51,000. Toth Financial Advisory Corp grew its position in NXP Semiconductors by 133.8% during the second quarter. Toth Financial Advisory Corp now owns 367 shares of the semiconductor provider’s stock worth $54,000 after buying an additional 210 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in NXP Semiconductors by 40.7% in the second quarter. Geneos Wealth Management Inc. now owns 408 shares of the semiconductor provider’s stock valued at $59,000 after buying an additional 118 shares in the last quarter. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on NXP Semiconductors from $175.00 to $170.00 in a research note on Wednesday, November 2nd. Barclays cut NXP Semiconductors from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $200.00 to $140.00 in a research report on Monday, October 24th. Citigroup decreased their price objective on shares of NXP Semiconductors from $190.00 to $150.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 11th. KGI Securities downgraded shares of NXP Semiconductors from an “outperform” rating to a “neutral” rating in a report on Tuesday, October 18th. Finally, Credit Suisse Group initiated coverage on shares of NXP Semiconductors in a report on Tuesday, November 15th. They issued a “neutral” rating and a $195.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $186.25.

NXP Semiconductors Trading Up 4.6 %

NXPI stock opened at $171.47 on Friday. NXP Semiconductors has a 52 week low of $132.08 and a 52 week high of $234.90. The company has a market cap of $44.43 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 0.58 and a beta of 1.46. The company has a quick ratio of 1.59, a current ratio of 2.08 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $157.55 and a 200-day simple moving average of $164.97.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last released its quarterly earnings data on Monday, October 31st. The semiconductor provider reported $3.54 earnings per share for the quarter. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. NXP Semiconductors had a return on equity of 52.30% and a net margin of 20.62%. On average, equities research analysts expect that NXP Semiconductors will post 12.94 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Thursday, December 15th will be paid a $0.845 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $3.38 annualized dividend and a dividend yield of 1.97%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 33.67%.

NXP Semiconductors Profile

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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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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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