Virtu Financial LLC Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Virtu Financial LLC bought a new position in NXP Semiconductors (NASDAQ:NXPI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,904 shares of the semiconductor provider’s stock, valued at approximately $1,858,000.

Several other institutional investors also recently modified their holdings of NXPI. Future Financial Wealth Managment LLC purchased a new position in NXP Semiconductors in the first quarter worth $25,000. Family Firm Inc. bought a new stake in shares of NXP Semiconductors during the 2nd quarter worth $27,000. Addison Advisors LLC boosted its holdings in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 74 shares during the last quarter. FinTrust Capital Advisors LLC grew its position in NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares during the period. Finally, LifeSteps Financial Inc. purchased a new stake in NXP Semiconductors during the first quarter worth about $30,000. 90.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Julie Southern acquired 146 shares of NXP Semiconductors stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NXPI. Barclays increased their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Morgan Stanley reduced their price objective on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Cantor Fitzgerald restated an “overweight” rating and issued a $350.00 target price on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. Citigroup increased their price target on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. Finally, Oppenheimer lifted their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $294.89.

NXP Semiconductors Stock Up 1.1 %

Shares of NASDAQ NXPI opened at $232.57 on Wednesday. The business has a 50-day moving average of $250.71 and a 200-day moving average of $254.72. The firm has a market capitalization of $59.46 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.50 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. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.04 EPS. Sell-side analysts expect 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. Shareholders of record on Thursday, September 12th will be given a dividend of $1.014 per share. The ex-dividend date is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. NXP Semiconductors’s payout ratio is 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.