10,552 Shares in NXP Semiconductors N.V. $NXPI Bought by Figure 8 Investment Strategies LLC

Figure 8 Investment Strategies LLC acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,552 shares of the semiconductor provider’s stock, valued at approximately $2,965,000. NXP Semiconductors accounts for approximately 2.5% of Figure 8 Investment Strategies LLC’s holdings, making the stock its 12th largest holding.

A number of other hedge funds also recently bought and sold shares of NXPI. MCF Advisors LLC lifted its position in shares of NXP Semiconductors by 25.3% in the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock valued at $46,000 after acquiring an additional 43 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of NXP Semiconductors by 1.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock valued at $752,000 after purchasing an additional 43 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of NXP Semiconductors by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after purchasing an additional 45 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after buying an additional 52 shares during the period. Finally, Equitable Holdings Inc. grew its holdings in shares of NXP Semiconductors by 1.4% during the fourth quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock valued at $828,000 after buying an additional 54 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $228.56 on Wednesday. The company has a market capitalization of $57.63 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 0.80 and a beta of 1.82. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The company’s fifty day moving average price is $270.32 and its 200 day moving average price is $252.62.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data 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 return on equity of 27.83% and a net margin of 22.56%.The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the business earned $2.72 earnings per share. NXP Semiconductors’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, analysts expect that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. UBS Group reissued a “neutral” rating and issued a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Raymond James Financial upped their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley boosted their price target on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $305.43.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 15th. The shares were 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 approximately $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction on Monday, June 1st. The shares were 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 owned 3,643 shares of the company’s stock, valued at approximately $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. 0.05% of the stock is owned by insiders.

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.