Sciencast Management LP Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Sciencast Management LP purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) in the 1st quarter, Holdings Channel.com reports. The firm purchased 7,603 shares of the semiconductor provider’s stock, valued at approximately $1,884,000. NXP Semiconductors makes up 1.1% of Sciencast Management LP’s holdings, making the stock its 19th largest position.

A number of other institutional investors have also modified their holdings of NXPI. Norges Bank acquired a new position in NXP Semiconductors in the fourth quarter valued at approximately $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in NXP Semiconductors by 893.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after purchasing an additional 2,097,727 shares during the period. Public Employees Retirement Association of Colorado bought a new position in NXP Semiconductors during the 4th quarter worth $164,044,000. Kodai Capital Management LP acquired a new stake in NXP Semiconductors in the fourth quarter worth $125,319,000. Finally, International Assets Investment Management LLC lifted its stake in NXP Semiconductors by 21,013.6% in the fourth quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock valued at $118,325,000 after buying an additional 512,732 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the transaction, the chief executive officer now directly owns 177,889 shares in the company, valued at approximately $49,052,891.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent research reports. The Goldman Sachs Group upped their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They issued a “buy” rating and a $325.00 price target on the stock. Wells Fargo & Company lifted their price target on NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Needham & Company LLC increased their price objective on NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Evercore ISI lifted their target price on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $271.24.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded up $5.61 during mid-day trading on Friday, hitting $280.19. The company’s stock had a trading volume of 1,558,573 shares, compared to its average volume of 2,144,420. The stock has a market capitalization of $71.64 billion, a P/E ratio of 25.87, a P/E/G ratio of 2.64 and a beta of 1.49. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $286.87. The stock’s fifty day moving average price is $271.30 and its two-hundred day moving average price is $246.33. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.07. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. Research analysts forecast that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were issued a dividend of $1.014 per share. The ex-dividend date was Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.45%. NXP Semiconductors’s payout ratio is presently 37.49%.

NXP Semiconductors Company Profile

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.