Tortoise Capital Advisors L.L.C. Has $15.69 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Tortoise Capital Advisors L.L.C. raised its stake in NXP Semiconductors (NASDAQ:NXPI) by 106.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,301 shares of the semiconductor provider’s stock after purchasing an additional 29,993 shares during the period. Tortoise Capital Advisors L.L.C.’s holdings in NXP Semiconductors were worth $15,688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NXPI. Savant Capital LLC grew its position in shares of NXP Semiconductors by 5.7% in the second quarter. Savant Capital LLC now owns 3,503 shares of the semiconductor provider’s stock valued at $943,000 after purchasing an additional 189 shares during the last quarter. Private Advisor Group LLC boosted its stake in NXP Semiconductors by 3.1% in the 2nd quarter. Private Advisor Group LLC now owns 14,672 shares of the semiconductor provider’s stock valued at $3,948,000 after purchasing an additional 440 shares during the period. Addison Advisors LLC grew its holdings in NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 74 shares in the last quarter. Arizona State Retirement System increased its position in NXP Semiconductors by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 74,244 shares of the semiconductor provider’s stock worth $19,978,000 after buying an additional 274 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of NXP Semiconductors by 4.3% during the second quarter. Victory Capital Management Inc. now owns 163,690 shares of the semiconductor provider’s stock worth $44,047,000 after buying an additional 6,726 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 4.2 %

Shares of NXP Semiconductors stock opened at $226.70 on Friday. The firm has a market capitalization of $57.96 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 2.77 and a beta of 1.49. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The firm’s 50 day moving average is $256.79 and its 200 day moving average is $255.22. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the business earned $3.04 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. Equities research analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.40%.

Insider Activity

In other NXP Semiconductors news, insider Julie Southern bought 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now 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 SEC, which is available at this link. Also, insider Julie Southern acquired 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was 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 owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several research reports. TD Cowen decreased their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the company from $265.00 to $325.00 in a research note on Friday, May 24th. Needham & Company LLC increased their price target on NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Citigroup lifted their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors 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.