Tamar Securities LLC Invests $374,000 in NXP Semiconductors (NASDAQ:NXPI)

by · The Markets Daily

Tamar Securities LLC bought a new position in NXP Semiconductors (NASDAQ:NXPI – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,560 shares of the semiconductor provider’s stock, valued at approximately $374,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after buying an additional 1,909,898 shares during the last quarter. Bessemer Group Inc. raised its holdings in NXP Semiconductors by 4,525.6% in the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after buying an additional 349,061 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in NXP Semiconductors by 974.4% in the 1st quarter. Westfield Capital Management Co. LP now owns 374,539 shares of the semiconductor provider’s stock valued at $92,799,000 after buying an additional 339,678 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in NXP Semiconductors by 1,882.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider’s stock valued at $92,438,000 after buying an additional 326,197 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in NXP Semiconductors by 24.6% in the 1st quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock valued at $407,506,000 after buying an additional 325,187 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NXPI shares. The Goldman Sachs Group dropped their price objective on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Morgan Stanley lowered their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. UBS Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $275.00 to $285.00 in a report on Monday, October 7th. Needham & Company LLC raised their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $291.40.

Read Our Latest Stock Analysis on NXP Semiconductors

Insiders Place Their Bets

In other news, insider Julie Southern acquired 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Julie Southern acquired 146 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $232.73 on Thursday. The company has a fifty day simple moving average of $239.99 and a 200 day simple moving average of $253.09. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The company has a market cap of $59.51 billion, a P/E ratio of 21.49, a PEG ratio of 2.58 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last posted its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.38. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.04 EPS. Sell-side analysts predict that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is 37.40%.

About NXP Semiconductors

(Free Report)

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.

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