Kintegral Advisory LLC Invests $35,000 in NXP Semiconductors N.V. $NXPI

Kintegral Advisory LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 11,033 shares of the semiconductor provider’s stock, valued at approximately $35,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NXPI. Ancora Advisors LLC purchased a new position in NXP Semiconductors in the second quarter valued at approximately $37,000. Moore Capital Management LP purchased a new stake in NXP Semiconductors during the second quarter worth approximately $2,670,000. Sigma Planning Corp purchased a new stake in NXP Semiconductors during the second quarter worth approximately $641,000. Two Sigma Securities LLC acquired a new stake in shares of NXP Semiconductors in the second quarter worth $5,164,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of NXP Semiconductors in the second quarter worth $248,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NXPI shares. Citigroup restated a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Wall Street Zen downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday. Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. TD Cowen reduced their price objective on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Finally, Oppenheimer upped their target price on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $305.43.

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $223.58 on Monday. The company’s fifty day simple moving average is $257.48 and its 200-day simple moving average is $252.48. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a market cap of $56.38 billion, a P/E ratio of 19.08, a PEG ratio of 0.76 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion during 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 business’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the business earned $2.72 EPS. Equities research analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is presently 34.56%.

NXP Semiconductors Company 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.