2,465 Shares in NXP Semiconductors N.V. $NXPI Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,465 shares of the semiconductor provider’s stock, valued at approximately $693,000.

A number of other large investors also recently bought and sold shares of the stock. JPL Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the 3rd quarter valued at approximately $26,000. SHP Wealth Management purchased a new stake in NXP Semiconductors during the fourth quarter worth $27,000. Allied Private Wealth LLC purchased a new stake in NXP Semiconductors during the second quarter worth $28,000. Acumen Wealth Advisors LLC acquired a new stake in NXP Semiconductors during the fourth quarter valued at $28,000. Finally, Bell Investment Advisors Inc acquired a new stake in NXP Semiconductors during the second quarter valued at $29,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $226.02 on Thursday. 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 market capitalization of $56.99 billion, a PE ratio of 19.28, a P/E/G ratio of 0.78 and a beta of 1.81. 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 fifty day moving average of $269.13 and a two-hundred day moving average of $252.57.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.09. The business 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 company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.72 earnings per share. As a group, research analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s payout ratio is presently 34.64%.

Analyst Ratings Changes

A number of brokerages have weighed in on NXPI. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Mizuho dropped their target price 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. Jefferies Financial Group lifted their price target on NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. KeyCorp upped their price target on NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $305.43.

Insider Activity

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the 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 transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. The trade was a 10.06% 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. 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.