Calamos Advisors LLC Grows Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Calamos Advisors LLC boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 17.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,169 shares of the semiconductor provider’s stock after acquiring an additional 16,507 shares during the quarter. Calamos Advisors LLC’s holdings in NXP Semiconductors were worth $30,453,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NXPI. Future Financial Wealth Managment LLC purchased a new position in NXP Semiconductors in the 1st quarter worth approximately $25,000. FinTrust Capital Advisors LLC boosted its stake in shares of NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. Family Firm Inc. bought a new position in NXP Semiconductors in the second quarter worth about $27,000. LifeSteps Financial Inc. acquired a new position in NXP Semiconductors in the first quarter valued at approximately $30,000. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NXPI. Jefferies Financial Group began coverage on NXP Semiconductors in a research note on Monday, May 13th. They set a “buy” rating and a $325.00 price objective for the company. Needham & Company LLC upped their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Oppenheimer increased their price objective on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Stifel Nicolaus boosted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group raised their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $294.89.

Insiders Place Their Bets

In related news, insider Julie Southern bought 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Julie Southern bought 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Price Performance

Shares of NXPI traded up $7.27 during midday trading on Friday, reaching $252.63. The stock had a trading volume of 2,568,464 shares, compared to its average volume of 2,258,233. The firm’s 50 day moving average price is $261.58 and its 200-day moving average price is $254.69. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08. The company has a market capitalization of $64.59 billion, a P/E ratio of 23.33, a P/E/G ratio of 2.63 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm 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 business earned $3.04 earnings per share. NXP Semiconductors’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, analysts forecast that NXP Semiconductors will post 12 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.61%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.40%.

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.