Perennial Investment Advisors LLC Buys Shares of 3,004 NXP Semiconductors N.V. $NXPI

Perennial Investment Advisors LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,004 shares of the semiconductor provider’s stock, valued at approximately $845,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pingora Partners LLC purchased a new position in NXP Semiconductors in the second quarter worth approximately $35,000. Bank of America Corp DE acquired a new position in NXP Semiconductors in the second quarter valued at approximately $1,169,846,000. Magnolia Capital Advisors LLC purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at $1,055,000. Light Street Capital Management LLC purchased a new position in shares of NXP Semiconductors during the second quarter worth about $6,465,000. Finally, Freestone Grove Partners LP acquired a new position in NXP Semiconductors during the second quarter worth approximately $11,552,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $223.15 on Thursday. The stock has a market capitalization of $56.27 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 0.76 and a beta of 1.81. The business’s fifty day moving average price is $261.02 and its 200 day moving average price is $252.51. 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 12-month low of $183.00 and a 12-month high of $339.95.

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

NXP Semiconductors Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NXPI. KeyCorp upped their target price on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Barclays increased their target price on shares of NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 target price on shares of NXP Semiconductors in a research note on Monday, August 17th. Wolfe Research raised their price objective on NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Loop Capital boosted their target price on shares of NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $305.43.

Insider Activity at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 stock in a transaction 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 transaction, the executive vice president directly owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

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.