Virtu Financial LLC Makes New Investment in NXP Semiconductors N.V. $NXPI

Virtu Financial LLC acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 15,295 shares of the semiconductor provider’s stock, valued at approximately $3,320,000.

A number of other hedge funds have also recently modified their holdings of the company. JPL Wealth Management LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth about $26,000. Acumen Wealth Advisors LLC bought a new stake in shares of NXP Semiconductors in the fourth quarter worth about $28,000. Jessup Wealth Management Inc purchased a new position in NXP Semiconductors during the 4th quarter valued at about $29,000. Quattro Advisors LLC purchased a new position in NXP Semiconductors during the 4th quarter valued at about $30,000. Finally, Wexford Capital LP purchased a new position in NXP Semiconductors during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NXPI. Stifel Nicolaus increased their price objective on NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Bank of America reiterated a “neutral” rating and issued a $230.00 price objective (down from $245.00) on shares of NXP Semiconductors in a research report on Monday, April 13th. BNP Paribas Exane boosted their target price on NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Oppenheimer upped their target price on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Wolfe Research raised their price target on NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $295.92.

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 12,611 shares of company stock worth $3,182,068. 0.05% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $313.27 on Friday. The company’s fifty day moving average price is $279.65 and its 200-day moving average price is $241.79. The stock has a market cap of $79.09 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.08 and a beta of 1.77. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the business earned $2.64 EPS. NXP Semiconductors’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities analysts expect that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is 38.85%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.