Moore Capital Management LP Takes $2.67 Million Position in NXP Semiconductors N.V. $NXPI

Moore Capital Management LP bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,500 shares of the semiconductor provider’s stock, valued at approximately $2,670,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in NXP Semiconductors during the 2nd quarter valued at $6,716,412,000. State Street Corp grew its holdings in NXP Semiconductors by 0.5% in the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock worth $2,407,382,000 after acquiring an additional 55,098 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of NXP Semiconductors in the second quarter valued at about $21,099,000. Invesco Ltd. increased its position in shares of NXP Semiconductors by 17.2% in the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after acquiring an additional 818,985 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of NXP Semiconductors by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock valued at $1,180,572,000 after acquiring an additional 30,804 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

NXPI opened at $224.64 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The company has a market cap of $56.65 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 0.76 and a beta of 1.82. The stock has a fifty day simple moving average of $255.51 and a two-hundred day simple moving average of $252.40. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95.

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

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s payout ratio is presently 34.64%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NXPI. Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of NXP Semiconductors in a report on Wednesday, July 29th. Morgan Stanley upped their price target on NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NXP Semiconductors in a research report on Friday, July 31st. Finally, Barclays boosted their target price on NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $305.43.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.