Patten Group Inc. boosted its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 490.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,180 shares of the semiconductor provider’s stock after purchasing an additional 980 shares during the period. Patten Group Inc.’s holdings in NXP Semiconductors were worth $101,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Bridge Advisors purchased a new position in NXP Semiconductors during the 3rd quarter worth approximately $1,778,000. Canyon Capital Advisors LLC grew its position in NXP Semiconductors by 144.9% during the 2nd quarter. Canyon Capital Advisors LLC now owns 784,630 shares of the semiconductor provider’s stock worth $85,737,000 after purchasing an additional 464,290 shares in the last quarter. Sensato Investors LLC purchased a new position in NXP Semiconductors during the 2nd quarter worth approximately $2,011,000. Cannell Peter B & Co. Inc. purchased a new position in NXP Semiconductors during the 2nd quarter worth approximately $382,000. Finally, Verde Servicos Internacionais S.A. grew its position in NXP Semiconductors by 15.3% during the 3rd quarter. Verde Servicos Internacionais S.A. now owns 68,117 shares of the semiconductor provider’s stock worth $7,423,000 after purchasing an additional 9,018 shares in the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.
Shares of NXP Semiconductors stock traded down $0.83 on Friday, hitting $81.22. 256,789 shares of the company traded hands, compared to its average volume of 3,623,201. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.50. NXP Semiconductors NV has a 12-month low of $69.72 and a 12-month high of $125.93. The stock has a market cap of $28.12 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.07 and a beta of 0.93.
NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.13. NXP Semiconductors had a net margin of 28.38% and a return on equity of 18.08%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.43 billion. On average, equities research analysts expect that NXP Semiconductors NV will post 6.15 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, December 13th. NXP Semiconductors’s payout ratio is presently 11.84%.
NXPI has been the topic of several research analyst reports. UBS Group initiated coverage on shares of NXP Semiconductors in a research report on Thursday. They set a “neutral” rating and a $90.00 price objective on the stock. SunTrust Banks boosted their price target on shares of NXP Semiconductors to $99.00 and gave the company a “buy” rating in a report on Friday, November 2nd. They noted that the move was a valuation call. Cowen boosted their price target on shares of NXP Semiconductors from $111.00 to $114.00 and gave the company an “outperform” rating in a report on Thursday, September 13th. Barclays upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $105.00 to $95.00 in a report on Tuesday, October 23rd. Finally, Bank of America upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the company from $110.00 to $120.00 in a report on Monday, September 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $102.64.
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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; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
Further Reading: The Role of a Fiduciary and Individual Investors
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