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

Figure 8 Investment Strategies LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 10,552 shares of the semiconductor provider’s stock, valued at approximately $33,000.

Several other institutional investors have also bought and sold shares of the stock. JPL Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter worth $26,000. SHP Wealth Management acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at $27,000. Allied Private Wealth LLC bought a new stake in shares of NXP Semiconductors in the 2nd quarter worth about $28,000. Fiduciary Financial Advisors acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth about $28,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $223.58 on Monday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company’s 50-day moving average price is $257.48 and its two-hundred day moving average price is $252.48. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The firm has a market cap of $56.38 billion, a P/E ratio of 19.08, a P/E/G ratio of 0.76 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results 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. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm posted $2.72 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. As a group, research analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.56%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group reiterated a “neutral” rating and issued a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. TD Cowen reduced their target price on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Morgan Stanley increased their price target on NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Mizuho dropped their price target on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a report on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $305.43.

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.