NXP Semiconductors NV (NASDAQ:NXPI) Stake Lifted by Neuburgh Advisers LLC

Neuburgh Advisers LLC boosted its holdings in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 161.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,848 shares of the semiconductor provider’s stock after purchasing an additional 24,582 shares during the period. Neuburgh Advisers LLC’s holdings in NXP Semiconductors were worth $3,522,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barings LLC lifted its position in shares of NXP Semiconductors by 1.3% in the 1st quarter. Barings LLC now owns 7,861 shares of the semiconductor provider’s stock valued at $695,000 after acquiring an additional 103 shares in the last quarter. Citizens Financial Group Inc RI lifted its position in shares of NXP Semiconductors by 56.3% in the 1st quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock valued at $32,000 after acquiring an additional 129 shares in the last quarter. MML Investors Services LLC lifted its position in shares of NXP Semiconductors by 2.8% in the 4th quarter. MML Investors Services LLC now owns 4,936 shares of the semiconductor provider’s stock valued at $362,000 after acquiring an additional 133 shares in the last quarter. Krane Funds Advisors LLC lifted its position in shares of NXP Semiconductors by 2.0% in the 1st quarter. Krane Funds Advisors LLC now owns 7,487 shares of the semiconductor provider’s stock valued at $662,000 after acquiring an additional 146 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its position in shares of NXP Semiconductors by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 558 shares of the semiconductor provider’s stock valued at $49,000 after acquiring an additional 186 shares in the last quarter. 76.51% of the stock is owned by institutional investors and hedge funds.

NXPI stock traded down $0.35 during midday trading on Thursday, reaching $93.41. The company had a trading volume of 25,878 shares, compared to its average volume of 3,839,079. NXP Semiconductors NV has a 1 year low of $67.62 and a 1 year high of $117.61. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.63. The company has a market cap of $30.91 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.16 and a beta of 1.26.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 29th. The semiconductor provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.47. NXP Semiconductors had a net margin of 23.06% and a return on equity of 18.33%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.09 billion. On average, research analysts anticipate that NXP Semiconductors NV will post 6.59 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be given a $0.25 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. NXP Semiconductors’s payout ratio is 16.84%.

NXPI has been the subject of several research analyst reports. BidaskClub upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. TheStreet upgraded shares of NXP Semiconductors from a “c+” rating to a “b-” rating in a research report on Wednesday, February 13th. Deutsche Bank upped their price target on shares of NXP Semiconductors from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Piper Jaffray Companies upped their price target on shares of NXP Semiconductors from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Finally, Zacks Investment Research upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating and set a $109.00 price target for the company in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. NXP Semiconductors has a consensus rating of “Buy” and a consensus target price of $101.32.

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About NXP Semiconductors

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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