Ieq Capital LLC Invests $1.21 Million in NXP Semiconductors N.V. $NXPI

Ieq Capital LLC purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,297 shares of the semiconductor provider’s stock, valued at approximately $1,208,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in NXP Semiconductors in the 2nd quarter valued at $6,716,412,000. Norges Bank purchased a new position in shares of NXP Semiconductors during the 4th quarter worth $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NXP Semiconductors by 34,719.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock worth $581,807,000 after acquiring an additional 2,672,697 shares during the period. Deutsche Bank AG acquired a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $570,925,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $337,167,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing 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 Andrew Micallef sold 1,000 shares of the company’s 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $223.15 on Thursday. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The company has a 50 day moving average price of $261.02 and a 200 day moving average price of $252.51. The stock has a market capitalization of $56.27 billion, a P/E ratio of 19.04, a PEG ratio of 0.76 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the firm earned $2.72 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. Equities research analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NXPI shares. JPMorgan Chase & Co. raised their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Bank of America restated a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Susquehanna upped their price objective on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Loop Capital increased their price objective on NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $305.43.

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.