Moore Capital Management LP Acquires New Position in NXP Semiconductors N.V. $NXPI

Moore Capital Management LP acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,500 shares of the semiconductor provider’s stock, valued at approximately $2,670,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NXPI. BlackRock Inc. purchased a new position in NXP Semiconductors in the 2nd quarter valued at approximately $6,716,412,000. State Street Corp lifted its position in shares of NXP Semiconductors by 0.5% during the fourth quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock worth $2,407,382,000 after acquiring an additional 55,098 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of NXP Semiconductors in the second quarter worth $21,099,000. Invesco Ltd. boosted its holdings in shares of NXP Semiconductors by 17.2% in the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after acquiring an additional 818,985 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of NXP Semiconductors by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock valued at $1,180,572,000 after purchasing an additional 30,804 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were 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 represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 owned by corporate insiders.

NXP Semiconductors Stock Up 0.5%

Shares of NXPI opened at $224.64 on Tuesday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The stock has a 50 day simple moving average of $255.51 and a two-hundred day simple moving average of $252.40. The firm has a market cap of $56.65 billion, a P/E ratio of 19.17, a P/E/G ratio of 0.76 and a beta of 1.82.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the firm posted $2.72 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. On average, analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s payout ratio is currently 34.64%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NXPI. Morgan Stanley increased their price objective on NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Oppenheimer boosted their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Wall Street Zen lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.