Versant Capital Management Inc bought a new stake in NXP Semiconductors (NASDAQ:NXPI – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 189 shares of the semiconductor provider’s stock, valued at approximately $51,000.
Several other institutional investors also recently modified their holdings of NXPI. Allspring Global Investments Holdings LLC grew its holdings in NXP Semiconductors by 29.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock valued at $28,846,000 after purchasing an additional 28,758 shares during the period. Principal Financial Group Inc. grew its holdings in NXP Semiconductors by 1.0% during the fourth quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider’s stock valued at $75,827,000 after purchasing an additional 3,262 shares during the period. Stratos Wealth Partners LTD. grew its holdings in NXP Semiconductors by 27.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock valued at $1,100,000 after purchasing an additional 1,019 shares during the period. Zhang Financial LLC grew its holdings in NXP Semiconductors by 55.7% during the first quarter. Zhang Financial LLC now owns 3,943 shares of the semiconductor provider’s stock valued at $977,000 after purchasing an additional 1,411 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in NXP Semiconductors by 33.4% during the fourth quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock valued at $31,320,000 after purchasing an additional 34,131 shares during the period. 90.54% of the stock is owned by institutional investors.
Insider Activity at NXP Semiconductors
In related news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the transaction, the chief executive officer now owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Julie Southern acquired 146 shares of NXP Semiconductors stock in a transaction dated Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Report on NXPI
NXP Semiconductors Price Performance
Shares of NXPI stock traded up $1.35 on Tuesday, reaching $236.76. The company’s stock had a trading volume of 1,854,424 shares, compared to its average volume of 2,266,646. The company has a market capitalization of $60.54 billion, a P/E ratio of 22.28, a PEG ratio of 2.63 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The stock’s 50 day simple moving average is $269.13 and its 200-day simple moving average is $251.85.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.04 earnings per share. As a group, equities analysts predict that NXP Semiconductors will post 12 earnings per share for the current fiscal year.
NXP Semiconductors Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Thursday, June 13th were paid a $1.014 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a yield of 1.71%. NXP Semiconductors’s dividend payout ratio is presently 37.40%.
NXP Semiconductors Company Profile
NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.
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