WBI Investments Inc. Invests $5.28 Million in NXP Semiconductors NV (NASDAQ:NXPI)
WBI Investments Inc. acquired a new position in NXP Semiconductors NV (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 54,091 shares of the semiconductor provider’s stock, valued at approximately $5,279,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barings LLC raised its stake in NXP Semiconductors by 1.3% during the 1st quarter. Barings LLC now owns 7,861 shares of the semiconductor provider’s stock valued at $695,000 after purchasing an additional 103 shares during the period. Pinnacle Bank raised its stake in NXP Semiconductors by 25.4% during the 2nd quarter. Pinnacle Bank now owns 558 shares of the semiconductor provider’s stock valued at $54,000 after purchasing an additional 113 shares during the period. Citizens Financial Group Inc RI raised its stake in NXP Semiconductors by 56.3% during the 1st quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock valued at $32,000 after purchasing an additional 129 shares during the period. MML Investors Services LLC raised its stake in NXP Semiconductors by 2.8% during the 4th quarter. MML Investors Services LLC now owns 4,936 shares of the semiconductor provider’s stock valued at $362,000 after purchasing an additional 133 shares during the period. Finally, Cornerstone Advisors Inc. raised its stake in NXP Semiconductors by 55.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 374 shares of the semiconductor provider’s stock valued at $37,000 after purchasing an additional 134 shares during the period. 76.07% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:NXPI traded up $0.59 during trading hours on Friday, reaching $102.36. The stock had a trading volume of 2,940,799 shares, compared to its average volume of 4,098,624. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.04. NXP Semiconductors NV has a 52 week low of $67.62 and a 52 week high of $108.51. The company’s 50 day moving average price is $96.81. The company has a market capitalization of $33.45 billion, a PE ratio of 17.23, a PEG ratio of 1.24 and a beta of 1.27.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s payout ratio is 16.84%.
NXPI has been the topic of several recent analyst reports. Morgan Stanley reissued a “neutral” rating and set a $230.00 target price on shares of Tesla in a research note on Wednesday, June 12th. Mizuho lifted their target price on NXP Semiconductors from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. ValuEngine downgraded Vereit from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. BidaskClub downgraded Retrophin from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Stifel Nicolaus decreased their target price on MacroGenics from $36.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $101.79.
NXP Semiconductors Company Profile
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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