Saudi Central Bank Takes Position in NXP Semiconductors N.V. $NXPI
by Kim Johansen · The Markets DailySaudi Central Bank purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 17,688 shares of the semiconductor provider’s stock, valued at approximately $56,000.
Several other large investors have also recently bought and sold shares of NXPI. JPL Wealth Management LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at $26,000. SHP Wealth Management bought a new stake in shares of NXP Semiconductors during the fourth quarter worth $27,000. Allied Private Wealth LLC bought a new stake in shares of NXP Semiconductors during the second quarter worth $28,000. Fiduciary Financial Advisors acquired a new position in shares of NXP Semiconductors during the second quarter valued at $28,000. Finally, Acumen Wealth Advisors LLC acquired a new position in shares of NXP Semiconductors during the fourth quarter valued at $28,000. Institutional investors and hedge funds own 90.54% of the company’s stock.
NXP Semiconductors Stock Performance
Shares of NXPI stock opened at $223.32 on Thursday. 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 stock has a market cap of $56.31 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.81. The stock has a 50-day moving average of $246.93 and a 200-day moving average of $251.58. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.72 earnings per share. As a group, sell-side analysts expect that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.
NXP Semiconductors Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $1.014 per share. 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 currently 34.64%.
Insider Transactions at NXP Semiconductors
In other NXP Semiconductors 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 completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.
Analyst Upgrades and Downgrades
Several analysts have weighed in on NXPI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Susquehanna boosted their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Bank of America restated a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $305.65.
Read Our Latest Report on NXPI
NXP Semiconductors Company Profile
NXP Semiconductors N.V. (NASDAQ: NXPI) is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.
Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.
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