Quantbot Technologies LP Buys 12,505 Shares of NXP Semiconductors (NASDAQ:NXPI)

Quantbot Technologies LP increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 77.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,587 shares of the semiconductor provider’s stock after acquiring an additional 12,505 shares during the quarter. Quantbot Technologies LP’s holdings in NXP Semiconductors were worth $6,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of NXPI. Family Firm Inc. purchased a new position in shares of NXP Semiconductors in the second quarter valued at about $27,000. Addison Advisors LLC grew its stake in shares of NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares during the last quarter. Valley National Advisers Inc. increased its holdings in NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 52 shares during the period. Fortitude Family Office LLC raised its position in NXP Semiconductors by 615.0% during the 2nd quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock valued at $38,000 after purchasing an additional 123 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its holdings in NXP Semiconductors by 36.4% in the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 40 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Up 3.3 %

Shares of NASDAQ:NXPI opened at $233.85 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $233.61 and a two-hundred day simple moving average of $251.21. NXP Semiconductors has a 12-month low of $198.00 and a 12-month high of $296.08. The stock has a market capitalization of $59.43 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 4.55 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm earned $3.31 EPS. NXP Semiconductors’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, research analysts anticipate that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.65%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NXPI shares. TD Cowen reduced their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Barclays reduced their price objective on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Oppenheimer dropped their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $274.14.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.

About NXP Semiconductors

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.