Seelaus Asset Management LLC Makes New Investment in NXP Semiconductors N.V. $NXPI

Seelaus Asset Management LLC bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,547 shares of the semiconductor provider’s stock, valued at approximately $605,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ieq Capital LLC purchased a new position in NXP Semiconductors in the second quarter valued at approximately $1,208,000. BlackRock Inc. purchased a new stake in NXP Semiconductors during the second quarter worth approximately $6,716,412,000. Private Wealth Partners LLC grew its stake in NXP Semiconductors by 203.6% during the first quarter. Private Wealth Partners LLC now owns 10,652 shares of the semiconductor provider’s stock worth $2,097,000 after buying an additional 7,144 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of NXP Semiconductors in the second quarter worth $36,657,000. Finally, Pure Financial Advisors LLC acquired a new stake in shares of NXP Semiconductors in the second quarter worth $695,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.8%

NXPI traded down $6.27 during trading hours on Wednesday, reaching $220.05. 1,107,831 shares of the stock traded hands, compared to its average volume of 3,508,848. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The company has a market cap of $55.49 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 0.77 and a beta of 1.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The firm’s fifty day simple moving average is $230.37 and its two-hundred day simple moving average is $255.70.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS 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 analyst estimates of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.72 EPS. As a group, analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a $1.0140 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is 34.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NXPI shares. Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Morgan Stanley increased 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 reiterated an “overweight” rating on shares of NXP Semiconductors in a report on Tuesday, September 8th. UBS Group reissued a “neutral” rating and issued a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Finally, TD Cowen reduced their price objective on NXP Semiconductors from $340.00 to $290.00 and set a “buy” 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $304.91.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the sale, the executive vice president directly owned 7,942 shares in the company, valued at $1,795,209.68. The trade was a 11.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the transaction, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. The trade was a 92.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.