Quantbot Technologies LP Invests $843,000 in NXP Semiconductors (NASDAQ:NXPI)

Quantbot Technologies LP acquired a new stake in NXP Semiconductors (NASDAQ:NXPI) in the first quarter, Holdings Channel reports. The institutional investor acquired 3,403 shares of the semiconductor provider’s stock, valued at approximately $843,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Lincoln National Corp boosted its stake in NXP Semiconductors by 1.9% during the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock worth $568,000 after acquiring an additional 46 shares during the last quarter. Peterson Wealth Services lifted its position in NXP Semiconductors by 3.1% in the 1st quarter. Peterson Wealth Services now owns 1,520 shares of the semiconductor provider’s stock valued at $377,000 after acquiring an additional 46 shares in the last quarter. RFG Advisory LLC increased its holdings in NXP Semiconductors by 1.6% during the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock worth $740,000 after purchasing an additional 47 shares in the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the period. Finally, Financial Management Professionals Inc. lifted its holdings in shares of NXP Semiconductors by 4.3% in the fourth quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider’s stock valued at $280,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group began coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They set a “buy” rating and a $325.00 price target for the company. Mizuho upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $265.00 to $325.00 in a research note on Friday, May 24th. UBS Group boosted their price target on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Needham & Company LLC raised their price objective on NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Evercore ISI increased their price target on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $271.24.

Insider Activity

In related news, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 177,889 shares in the company, valued at approximately $49,052,891.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Up 2.0 %

NXP Semiconductors stock opened at $280.19 on Monday. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The firm’s fifty day moving average is $271.30 and its 200 day moving average is $246.53. The company has a market capitalization of $71.64 billion, a PE ratio of 25.87, a PEG ratio of 2.62 and a beta of 1.49. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. As a group, sell-side analysts predict that NXP Semiconductors will post 12.47 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.45%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) 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.