GraniteShares Advisors LLC Purchases 244 Shares of NXP Semiconductors (NASDAQ:NXPI)

GraniteShares Advisors LLC increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,788 shares of the semiconductor provider’s stock after purchasing an additional 244 shares during the period. GraniteShares Advisors LLC’s holdings in NXP Semiconductors were worth $1,019,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in NXP Semiconductors during the fourth quarter worth $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of NXP Semiconductors by 893.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after buying an additional 2,097,727 shares during the period. Vanguard Group Inc. grew its stake in NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after buying an additional 1,909,898 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new position in NXP Semiconductors in the 4th quarter valued at about $164,044,000. Finally, Kodai Capital Management LP acquired a new stake in NXP Semiconductors during the fourth quarter worth approximately $125,319,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the topic of a number of recent research reports. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. TD Cowen reduced their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Barclays raised their price target on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Finally, Morgan Stanley cut their price objective on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $294.89.

NXP Semiconductors Price Performance

Shares of NXPI stock traded up $7.58 on Friday, hitting $256.36. 2,696,453 shares of the company’s stock were exchanged, compared to its average volume of 2,227,252. The company has a 50 day moving average of $259.68 and a 200 day moving average of $255.18. The stock has a market cap of $65.30 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 2.77 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 has a 12 month low of $167.21 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities research analysts predict that NXP Semiconductors will post 11.97 EPS for the current 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 given a $1.014 dividend. The ex-dividend date is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.58%. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Insiders Place Their Bets

In other news, insider Julie Southern acquired 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were bought 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 approximately $2,909,429.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the chief executive officer now directly owns 177,889 shares in the company, valued at approximately $49,052,891.75. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Profile

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.