Virtu Financial LLC Buys Shares of 6,695 NXP Semiconductors (NASDAQ:NXPI)

Virtu Financial LLC bought a new stake in NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,695 shares of the semiconductor provider’s stock, valued at approximately $1,392,000.

Other institutional investors have also recently bought and sold shares of the company. Sciencast Management LP acquired a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $1,543,000. Ballast Advisors LLC increased its position in shares of NXP Semiconductors by 9.2% during the 4th quarter. Ballast Advisors LLC now owns 7,719 shares of the semiconductor provider’s stock worth $1,604,000 after purchasing an additional 649 shares during the last quarter. Royal London Asset Management Ltd. increased its position in shares of NXP Semiconductors by 88.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 196,822 shares of the semiconductor provider’s stock worth $40,909,000 after purchasing an additional 92,625 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of NXP Semiconductors by 27.5% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 14,958 shares of the semiconductor provider’s stock worth $2,992,000 after purchasing an additional 3,224 shares during the last quarter. Finally, Vinva Investment Management Ltd increased its holdings in shares of NXP Semiconductors by 6.7% during the 4th quarter. Vinva Investment Management Ltd now owns 10,922 shares of the semiconductor provider’s stock worth $2,266,000 after acquiring an additional 688 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In related news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $200.64 on Monday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a twelve month low of $196.95 and a twelve month high of $296.08. The company has a market cap of $50.89 billion, a P/E ratio of 20.62, a P/E/G ratio of 3.01 and a beta of 1.47. The business has a fifty day simple moving average of $215.46 and a 200 day simple moving average of $222.86.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.02%. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NXPI. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Susquehanna decreased their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Stifel Nicolaus decreased their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Finally, Needham & Company LLC decreased their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $267.00.

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.