3,223 Shares in NXP Semiconductors N.V. $NXPI Bought by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,223 shares of the semiconductor provider’s stock, valued at approximately $745,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in NXP Semiconductors by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock worth $2,954,739,000 after purchasing an additional 293,558 shares in the last quarter. State Street Corp raised its holdings in shares of NXP Semiconductors by 0.5% in the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock worth $2,407,382,000 after buying an additional 55,098 shares in the last quarter. Invesco Ltd. raised its holdings in shares of NXP Semiconductors by 17.2% in the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after buying an additional 818,985 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of NXP Semiconductors by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock worth $1,180,572,000 after buying an additional 30,804 shares during the period. Finally, Van ECK Associates Corp boosted its stake in NXP Semiconductors by 11.0% in the 4th quarter. Van ECK Associates Corp now owns 4,253,320 shares of the semiconductor provider’s stock valued at $923,225,000 after buying an additional 421,011 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 0.8%

Shares of NASDAQ:NXPI opened at $232.72 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The stock has a market cap of $58.68 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 0.80 and a beta of 1.82. The company has a 50 day moving average of $271.70 and a 200-day moving average of $252.70. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $2.72 EPS. On average, sell-side analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors’s payout ratio is presently 34.64%.

Insider Buying and Selling

In other news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the sale, the executive vice president directly owned 3,643 shares in the company, valued at $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. The trade was a 10.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NXPI. Susquehanna boosted their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. raised their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 price target on shares of NXP Semiconductors in a research report on Monday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $290.00 price target on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, Loop Capital lifted their price objective on NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $305.43.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.