HighTower Advisors LLC Makes New Investment in NXP Semiconductors N.V. $NXPI

HighTower Advisors LLC purchased 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 firm purchased 68,255 shares of the semiconductor provider’s stock, valued at approximately $19,182,000.

Other institutional investors also recently added to or reduced their stakes in the company. Allied Private Wealth LLC bought a new position in NXP Semiconductors in the 2nd quarter worth about $28,000. Bell Investment Advisors Inc bought a new position in shares of NXP Semiconductors during the 2nd quarter worth $29,000. Fiduciary Financial Advisors purchased a new position in shares of NXP Semiconductors during the second quarter valued at $28,000. JPL Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the third quarter valued at $26,000. Finally, Pingora Partners LLC bought a new stake in shares of NXP Semiconductors in the second quarter valued at about $35,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $223.87 on Wednesday. The company has a 50 day moving average price of $248.05 and a 200 day moving average price of $251.64. The firm has a market capitalization of $56.45 billion, a P/E ratio of 19.10, a PEG ratio of 0.77 and a beta of 1.81. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. 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 business posted $2.72 EPS. NXP Semiconductors’s revenue for the quarter was up 19.5% compared to the same quarter last year. Sell-side analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s payout ratio is currently 34.64%.

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale 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. Insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NXPI shares. Oppenheimer increased their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. TD Cowen reduced their price target on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Stifel Nicolaus set a $282.00 price target on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $305.65.

NXP Semiconductors 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.