Mercer Global Advisors Inc. ADV Boosts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Mercer Global Advisors Inc. ADV lifted its position in NXP Semiconductors (NASDAQ:NXPI) by 2.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 19,699 shares of the semiconductor provider’s stock after purchasing an additional 425 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in NXP Semiconductors were worth $5,301,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. E Fund Management Co. Ltd. raised its position in NXP Semiconductors by 20.2% during the 2nd quarter. E Fund Management Co. Ltd. now owns 5,155 shares of the semiconductor provider’s stock worth $1,387,000 after buying an additional 865 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of NXP Semiconductors by 5.8% during the second quarter. Mutual of America Capital Management LLC now owns 35,760 shares of the semiconductor provider’s stock worth $9,623,000 after purchasing an additional 1,965 shares during the last quarter. Virtu Financial LLC acquired a new position in NXP Semiconductors during the second quarter valued at $1,858,000. Edgestream Partners L.P. purchased a new stake in NXP Semiconductors in the second quarter valued at $258,000. Finally, GDS Wealth Management grew its position in NXP Semiconductors by 9.3% during the 2nd quarter. GDS Wealth Management now owns 51,755 shares of the semiconductor provider’s stock worth $13,927,000 after purchasing an additional 4,409 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on NXPI shares. Barclays upped their target price on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Oppenheimer lifted their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price target on shares of NXP Semiconductors in a report on Tuesday, July 23rd. Stifel Nicolaus lifted their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, TD Cowen lowered their target price 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. One 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, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $294.89.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $231.88 on Friday. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The stock has a market capitalization of $59.29 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.50 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. The firm has a 50-day simple moving average of $248.01 and a 200-day simple moving average of $254.34.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the firm posted $3.04 EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Julie Southern purchased 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, with a total value of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

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.