Scientech Research LLC Makes New $2.67 Million Investment in NXP Semiconductors (NASDAQ:NXPI)

Scientech Research LLC purchased a new stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,939 shares of the semiconductor provider's stock, valued at approximately $2,674,000. NXP Semiconductors makes up 0.6% of Scientech Research LLC's investment portfolio, making the stock its 14th largest holding.

A number of other large investors also recently bought and sold shares of NXPI. Legal & General Group Plc increased its stake in shares of NXP Semiconductors by 1.6% during the second quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider's stock worth $611,336,000 after purchasing an additional 35,104 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in NXP Semiconductors by 21.1% in the 2nd quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider's stock worth $41,519,000 after buying an additional 26,851 shares during the last quarter. MBB Public Markets I LLC increased its stake in NXP Semiconductors by 18.0% during the 2nd quarter. MBB Public Markets I LLC now owns 43,455 shares of the semiconductor provider's stock worth $11,693,000 after buying an additional 6,614 shares in the last quarter. Employees Retirement System of Texas raised its holdings in shares of NXP Semiconductors by 39.8% during the second quarter. Employees Retirement System of Texas now owns 265,600 shares of the semiconductor provider's stock valued at $71,470,000 after acquiring an additional 75,600 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of NXP Semiconductors by 5.1% in the second quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider's stock valued at $653,567,000 after acquiring an additional 118,366 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analyst Weigh In

NXPI has been the subject of several recent research reports. StockNews.com downgraded NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Needham & Company LLC boosted their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Citigroup upped their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a "sell" rating in a research note on Monday, July 15th. Stifel Nicolaus raised their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a "hold" rating in a research note on Thursday, July 18th. Finally, Morgan Stanley dropped their price target on NXP Semiconductors from $275.00 to $271.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $294.89.

NXP Semiconductors Trading Up 0.9 %

NASDAQ NXPI traded up $2.14 on Friday, reaching $244.38. The stock had a trading volume of 1,215,077 shares, compared to its average volume of 2,289,452. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average price of $244.27 and a two-hundred day moving average price of $253.82. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The firm has a market capitalization of $62.48 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 2.51 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company's quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.04 EPS. As a group, sell-side analysts forecast that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, September 12th. NXP Semiconductors's payout ratio is currently 37.40%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Julie Southern acquired 146 shares of the company's stock in a transaction on Tuesday, July 30th. The shares were bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 sale, the executive vice president now directly owns 30,269 shares of the company's stock, valued at $7,033,002.15. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

NXP Semiconductors 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.