Quantbot Technologies LP Makes New $1.75 Million Investment in NXP Semiconductors N.V. $NXPI

Quantbot Technologies LP bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,225 shares of the semiconductor provider’s stock, valued at approximately $1,749,000.

Other institutional investors have also recently bought and sold shares of the company. JPL Wealth Management LLC bought a new stake in NXP Semiconductors in the 3rd quarter valued at $26,000. SHP Wealth Management bought a new position in NXP Semiconductors during the 4th quarter worth about $27,000. Allied Private Wealth LLC acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $28,000. Acumen Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $28,000. Finally, Bell Investment Advisors Inc bought a new stake in shares of NXP Semiconductors in the second quarter valued at about $29,000. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of research reports. Raymond James Financial increased their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Susquehanna boosted their target price on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Oppenheimer upped their price target on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $290.00 price target on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price target on shares of NXP Semiconductors in a research note on Monday, August 17th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $305.43.

Insider Buying and Selling

In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $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. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $222.44 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The business has a 50-day moving average of $264.08 and a 200-day moving average of $252.52. The stock has a market capitalization of $56.09 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 0.77 and a beta of 1.81. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the company posted $2.72 earnings per share. NXP Semiconductors’s revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio is currently 34.56%.

About NXP Semiconductors

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.