Prosperity Consulting Group LLC Raises Stake in NXP Semiconductors (NASDAQ:NXPI)

Prosperity Consulting Group LLC raised its stake in NXP Semiconductors (NASDAQ:NXPI) by 30.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,113 shares of the semiconductor provider’s stock after buying an additional 497 shares during the quarter. Prosperity Consulting Group LLC’s holdings in NXP Semiconductors were worth $569,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after buying an additional 1,909,898 shares in the last quarter. Norges Bank purchased a new stake in NXP Semiconductors in the 4th quarter valued at $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of NXP Semiconductors by 893.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of NXP Semiconductors by 10.6% in the 2nd quarter. Van ECK Associates Corp now owns 1,818,393 shares of the semiconductor provider’s stock valued at $489,312,000 after purchasing an additional 173,697 shares during the last quarter. Finally, Putnam Investments LLC lifted its stake in shares of NXP Semiconductors by 4.4% in the 4th quarter. Putnam Investments LLC now owns 1,564,236 shares of the semiconductor provider’s stock valued at $359,274,000 after purchasing an additional 65,741 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the acquisition, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NXPI. TD Cowen decreased their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price target on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. Morgan Stanley decreased their price target on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus upped their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Oppenheimer upped their price target on NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $294.89.

NXP Semiconductors Price Performance

NXPI stock opened at $229.93 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The firm has a market capitalization of $58.57 billion, a P/E ratio of 21.23, a P/E/G ratio of 2.50 and a beta of 1.49. The business’s 50-day moving average is $252.50 and its two-hundred day moving average is $254.96. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08.

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

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a $1.014 dividend. The ex-dividend date is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.76%. NXP Semiconductors’s payout ratio is currently 37.49%.

About NXP Semiconductors

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.