Janus Henderson Group PLC decreased its position in NXP Semiconductors NV (NASDAQ:NXPI) by 22.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 189,180 shares of the semiconductor provider’s stock after selling 54,872 shares during the quarter. Janus Henderson Group PLC owned about 0.06% of NXP Semiconductors worth $20,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Synovus Financial Corp acquired a new position in shares of NXP Semiconductors during the 1st quarter valued at about $101,000. Princeton Capital Management LLC acquired a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $127,000. MCF Advisors LLC acquired a new position in shares of NXP Semiconductors during the 1st quarter valued at about $137,000. Quantitative Systematic Strategies LLC acquired a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $207,000. Finally, New Jersey Better Educational Savings Trust acquired a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $219,000. 83.59% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:NXPI opened at $91.91 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.98 and a quick ratio of 2.26. NXP Semiconductors NV has a 1 year low of $84.59 and a 1 year high of $125.93. The stock has a market cap of $30.52 billion, a PE ratio of 13.92, a PEG ratio of 0.74 and a beta of 0.82.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Thursday, July 26th. The semiconductor provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.43 by ($0.33). NXP Semiconductors had a return on equity of 16.24% and a net margin of 10.35%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.36 billion. sell-side analysts forecast that NXP Semiconductors NV will post 6 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Tuesday, September 25th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, September 24th.

A number of research firms have recently commented on NXPI. Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $102.00 to $99.00 and set a “hold” rating for the company in a research note on Friday, July 27th. Cowen reaffirmed an “outperform” rating and set a $114.00 price objective (up previously from $111.00) on shares of NXP Semiconductors in a research note on Thursday. Deutsche Bank raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating and dropped their price objective for the company from $127.50 to $107.00 in a research note on Thursday, July 26th. SunTrust Banks raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Finally, Barclays began coverage on shares of NXP Semiconductors in a research note on Thursday, August 2nd. They set an “equal weight” rating for the company. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $110.35.

NXP Semiconductors Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

Further Reading: What is a Leveraged Buyout (LBO)?

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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