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

Equitable Holdings Inc. bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, Holdings Channel reports. The institutional investor bought 3,925 shares of the semiconductor provider’s stock, valued at approximately $1,103,000.

Several other hedge funds have also recently modified their holdings of NXPI. MCF Advisors LLC boosted its holdings in NXP Semiconductors by 25.3% in the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after buying an additional 43 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in NXP Semiconductors by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock worth $752,000 after buying an additional 43 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of NXP Semiconductors by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after acquiring an additional 45 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of NXP Semiconductors by 4.6% during the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after acquiring an additional 52 shares during the last quarter. Finally, Equitable Trust Co. lifted its position in shares of NXP Semiconductors by 0.7% in the fourth quarter. Equitable Trust Co. now owns 7,706 shares of the semiconductor provider’s stock valued at $1,673,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NXPI. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Wells Fargo & Company decreased their price objective on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Oppenheimer increased their target price on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Mizuho decreased their price target on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $305.43.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $223.58 on Friday. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The stock 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. 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 stock has a 50 day moving average price of $257.48 and a 200 day moving average price of $252.32.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data 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 company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.72 earnings per share. Equities research analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were given 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 presently 34.64%.

Insider Activity

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

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.