Two Sigma Securities LLC Invests $5.16 Million in NXP Semiconductors N.V. $NXPI

Two Sigma Securities LLC purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 18,375 shares of the semiconductor provider’s stock, valued at approximately $5,164,000. NXP Semiconductors accounts for 0.4% of Two Sigma Securities LLC’s investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NXPI. MGO One Seven LLC lifted its holdings in shares of NXP Semiconductors by 63.0% in the 4th quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock valued at $3,011,000 after buying an additional 5,359 shares during the period. Deutsche Bank AG boosted its stake in shares of NXP Semiconductors by 5.1% in the fourth quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider’s stock valued at $418,538,000 after buying an additional 93,316 shares in the last quarter. Ieq Capital LLC acquired a new position in NXP Semiconductors during the second quarter worth $1,208,000. Barclays PLC grew its holdings in NXP Semiconductors by 31.5% during the fourth quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider’s stock worth $495,634,000 after acquiring an additional 546,790 shares during the period. Finally, Principal Financial Group Inc. raised its position in NXP Semiconductors by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 274,099 shares of the semiconductor provider’s stock worth $59,496,000 after acquiring an additional 8,676 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $223.58 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The stock has a market cap of $56.38 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 0.76 and a beta of 1.81. The firm has a 50 day simple moving average of $257.48 and a 200-day simple moving average of $252.48.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share 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 company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the business posted $2.72 earnings per share. NXP Semiconductors’s revenue was up 19.5% compared to the same quarter last year. Equities analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be issued a $1.014 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s payout ratio is 34.56%.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their target price on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Barclays raised their price objective on shares of NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Oppenheimer upped their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Morgan Stanley lifted their price target on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Citigroup restated a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $305.43.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, the executive vice president owned 8,942 shares in the company, valued at $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 available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

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.