Figure 8 Investment Strategies LLC Makes New $33,000 Investment in NXP Semiconductors N.V. $NXPI

Figure 8 Investment Strategies LLC acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,552 shares of the semiconductor provider’s stock, valued at approximately $33,000.

A number of other institutional investors have also made changes to their positions in NXPI. JPL Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter valued at approximately $26,000. SHP Wealth Management acquired a new stake in shares of NXP Semiconductors in the fourth quarter worth $27,000. Allied Private Wealth LLC acquired a new stake in shares of NXP Semiconductors in the second quarter worth $28,000. Fiduciary Financial Advisors bought a new stake in shares of NXP Semiconductors during the 2nd quarter worth $28,000. Finally, Acumen Wealth Advisors LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter worth $28,000. 90.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company dropped their target price on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Mizuho lowered their price target on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 29th. Wall Street Zen cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Saturday. Needham & Company LLC restated a “buy” rating and set a $300.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus set a $282.00 target price on NXP Semiconductors in a report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $305.43.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $223.58 on Monday. The firm’s 50-day moving average is $257.48 and its 200-day moving average is $252.48. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The company has a market cap of $56.38 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 0.76 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 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 business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the company earned $2.72 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. Equities research 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 announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is 34.56%.

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.