According to recent news, Pacer Advisors Inc. has decreased its stake in NXP Semiconductors (NASDAQ:NXPI) by 26.7% during the second quarter. According to the company’s latest Form 13F filing with the SEC, Pacer Advisors Inc. now owns 61,715 shares of NXP Semiconductors after selling 22,501 shares during the same period. The total value of Pacer Advisors Inc.’s holdings in NXP Semiconductors is estimated to be $12,632,000 as of its most recent SEC filing.
NXP Semiconductors recently released its quarterly earnings data on July 24th. The semiconductor provider reported earnings per share of $3.04 for the quarter, surpassing analysts’ consensus estimates of $2.90 by $0.14. The company also reported revenue of $3.30 billion during the same period, compared to a consensus estimate of $3.20 billion. NXP Semiconductors recorded a return on equity of 42.95% and a net margin of 21.04%. Equities analysts predict that NXP Semiconductors will reach an EPS (earnings per share) of 12.49 for the current year.
Several research firms have commented on NXPI recently. Raymond James increased their price target on NXP Semiconductors from $210.00 to $240.00 and rated the stock as “outperform” in a research report released on July 26th. Deutsche Bank Aktiengesellschaft also raised their price target for shares of NXP Semiconductors from $200.00 to $230.00 in a research report on July 17th.
Jefferies Financial Group boosted their price objective for shares of NXP Semiconductors from $216.00 to $228 in a research note released on June 21st. Furthermore, UBS Group raised their target price on NXP Semiconductors from $195.00 to $228.00 in a report on July 26th. Lastly, Susquehanna increased their price target on NXP Semiconductors from $165.00 to $200.00 in a research report on July 26th.
In total, eleven research analysts have assigned a hold rating to NXP Semiconductors’ stock, while an additional eleven have given it a buy rating. According to data from Bloomberg, the company currently has an average rating of “Moderate Buy” and a consensus target price of $225.00.
This information shows a significant shift in ownership within the company and provides insight into the performance and outlook for NXP Semiconductors. As always, investors should conduct thorough analysis and consider multiple sources before making any investment decisions based on this information.
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Significant Changes in Holdings and Insider Activities at NXP Semiconductors
NXP Semiconductors, a leading semiconductor provider, has been subject to significant changes in holdings by institutional investors and hedge funds. Occidental Asset Management LLC recently acquired a new position in the company’s shares worth approximately $1,091,000 during the second quarter. Trivant Custom Portfolio Group LLC also bought a new position in NXP Semiconductors during the first quarter valued at $2,142,000. Additionally, Asset Dedication LLC raised its holdings in the company by 52.2% in the same quarter.
Balyasny Asset Management L.P., one of the institutional investors, witnessed a staggering increase of 6,330.7% in their position during the first quarter. They now own 533,752 shares worth $99,531,000 after acquiring an additional 525,452 shares. Similarly, Wealth Alliance experienced a growth of 16.4% in their holdings during the fourth quarter and now owns 3,350 shares valued at $529,000.
These moves highlight the growing interest of institutional investors and hedge funds in NXP Semiconductors’ stock. As of now, approximately 90.21% of the company is owned by such investors.
On Friday September 22nd, shares of NXP Semiconductors opened at $194.00 on NASDAQ. The company currently holds a market cap of $50.01 billion with a P/E ratio of 18.35 and a price-to-earnings-growth ratio of 0.94. The stock has a beta value of 1.57 and has been exhibiting steady movement with its fifty-day moving average at $208.31 and two-hundred-day moving average at $190.30.
NXP Semiconductors possesses a debt-to-equity ratio of 1.24 along with quick and current ratios that stand at 1.31 and 1.82, respectively. The stock reached its 52-week low at $132.08 and its 52-week high at $225.57.
Several prominent research firms have recently provided their insights on NXP Semiconductors’ outlook. Raymond James, for instance, raised their price target from $210.00 to $240.00 while affirming an “outperform” rating in their research report on July 26th. Deutsche Bank Aktiengesellschaft also increased their price target from $200.00 to $230.00 in a report published on July 17th.
Jefferies Financial Group and UBS Group raised their price objectives from $216.00 to $228.00 and from $195 to $228 respectively whereas Susquehanna raised it from $165.00 to $200.00 in separate reports released on July 26th.
Overall, eleven research analysts have assigned a hold rating while eleven have given the stock a buy rating with an average rating of “Moderate Buy” according to data from Bloomberg. The consensus target price stands at $225.
In terms of dividends, NXP Semiconductors recently announced that it will pay a quarterly dividend on Thursday, October 5th to shareholders of record as of Wednesday, September 13th. The dividend amounts to $1.014 per share, resulting in an annualized dividend of $4.06 and a yield of 2.09%. The ex-dividend date is set for Tuesday, September 12th, which means shares purchased after this date will not be eligible for the upcoming dividend payment.
In recent news related to insider trading activities, EVP Jennifer Wuamett sold 11,394 shares of NXP Semiconductors stock on Friday, September 15th at an average price of approximately $1990 per share for a total transaction value of $2,276,521.
Moreover, EVP Jennifer Wuamett divested 11,394 shares in a separate transaction during this period. Following these transactions, the executive vice president now holds 27,569 shares of the company’s stock, valued at approximately $5,508,286.20.
On the other hand, Julie Southern from NXP Semiconductors made a purchase of 203 shares of the company’s stock on Wednesday, August 2nd. The average price per share for this acquisition stood at $218.07, resulting in a total investment amounting to $44,268.21. Following this purchase, Southern now owns 10,540 shares valued at $2,298,457.80.
These transactions were recorded in accordance with legal procedures and disclosed as required by the U.S. Securities and Exchange Commission (SEC).
Overall, insiders have sold a total of 35,798 shares in the past 90 days with an estimated value of $7,731,819. As of now, approximately 0.13% of NXP Semiconductors’ stock is owned by insiders.
The dynamic changes in institutional holdings along with recent insider activities reflect ongoing developments within NXP Semiconductors and its industry as a whole. Investors will likely continue to monitor
