Daiwa Securities Group Inc. Acquires 7,371 Shares of NXP Semiconductors (NASDAQ:NXPI)

Daiwa Securities Group Inc. raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 10.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,947 shares of the semiconductor provider’s stock after purchasing an additional 7,371 shares during the quarter. Daiwa Securities Group Inc.’s holdings in NXP Semiconductors were worth $20,975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of NXPI. Future Financial Wealth Managment LLC bought a new position in shares of NXP Semiconductors in the 1st quarter valued at about $25,000. FinTrust Capital Advisors LLC lifted its stake in shares of NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Family Firm Inc. purchased a new position in shares of NXP Semiconductors in the 2nd quarter worth approximately $27,000. Addison Advisors LLC boosted its holdings in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares during the period. Finally, LifeSteps Financial Inc. bought a new position in shares of NXP Semiconductors during the 1st quarter valued at approximately $30,000. Institutional investors own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In other news, insider Julie Southern purchased 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now 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 SEC, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NXPI has been the subject of several recent analyst reports. Needham & Company LLC lifted their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Morgan Stanley dropped their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Citigroup upped their target price on NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $294.89.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $230.60 on Tuesday. The company’s 50 day moving average is $256.09 and its 200 day moving average is $255.47. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $58.74 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.45 and a beta of 1.49. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the business posted $3.04 EPS. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a dividend of $1.014 per share. The ex-dividend date is Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.76%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

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.