Manning & Napier Advisors LLC Buys New Stake in NXP Semiconductors N.V. $NXPI

Manning & Napier Advisors LLC bought a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, HoldingsChannel reports. The fund bought 14,043 shares of the semiconductor provider’s stock, valued at approximately $3,947,000.

Several other hedge funds also recently bought and sold shares of the stock. MCF Advisors LLC boosted its stake in shares of NXP Semiconductors by 25.3% during the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock valued at $46,000 after acquiring an additional 43 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in NXP Semiconductors by 1.3% in the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock valued at $752,000 after purchasing an additional 43 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in NXP Semiconductors by 2.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after purchasing an additional 45 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in NXP Semiconductors by 4.6% in the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after purchasing an additional 52 shares in the last quarter. Finally, Equitable Holdings Inc. boosted its stake in shares of NXP Semiconductors by 1.4% during the 4th quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock worth $828,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insiders Place Their Bets

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

NXP Semiconductors Trading Down 1.4%

Shares of NXPI stock opened at $222.44 on Tuesday. The firm’s 50-day simple moving average is $264.08 and its 200-day simple moving average is $252.52. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The firm has a market cap of $56.09 billion, a P/E ratio of 18.98, a PEG ratio of 0.77 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm earned $2.72 earnings per share. NXP Semiconductors’s revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is currently 34.56%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NXPI. Wells Fargo & Company cut their price objective on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Citigroup restated a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Morgan Stanley boosted their price target on NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price target on shares of NXP Semiconductors in a research note on Monday, August 17th. Finally, UBS Group restated a “neutral” rating and set a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a report on Monday, August 3rd. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $305.43.

NXP Semiconductors Profile

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.