Equitable Holdings Inc. Buys New Position in NXP Semiconductors N.V. $NXPI

Equitable Holdings Inc. purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,925 shares of the semiconductor provider’s stock, valued at approximately $1,103,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after purchasing an additional 218 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of NXP Semiconductors by 3.4% in the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock worth $1,334,000 after buying an additional 234 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of NXP Semiconductors by 31.7% in the second quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock worth $170,000 after buying an additional 187 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of NXP Semiconductors by 887.0% during the second quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock worth $8,010,000 after buying an additional 32,945 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of NXP Semiconductors during the second quarter valued at $555,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 1.0%

NXP Semiconductors stock opened at $223.58 on Friday. The firm has a market cap of $56.38 billion, a PE ratio of 19.08, a P/E/G ratio of 0.77 and a beta of 1.81. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The stock’s 50 day simple moving average is $257.48 and its two-hundred day simple moving average is $252.32. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.47 billion. During the same period in the previous year, the firm earned $2.72 EPS. The business’s quarterly revenue was up 19.5% on a year-over-year basis. Analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s payout ratio is presently 34.64%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen cut their target price on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price target on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Mizuho dropped their price target on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 price objective on shares of NXP Semiconductors in a research note on Monday, August 17th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $305.43.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. The trade was a 10.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the transaction, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. 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.

About NXP Semiconductors

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.