Providence Capital Advisors LLC Has $2.06 Million Stake in NXP Semiconductors NV (NASDAQ:NXPI)

Providence Capital Advisors LLC boosted its position in NXP Semiconductors NV (NASDAQ:NXPI) by 2.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 21,072 shares of the semiconductor provider’s stock after purchasing an additional 404 shares during the period. Providence Capital Advisors LLC’s holdings in NXP Semiconductors were worth $2,057,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC raised its position in shares of NXP Semiconductors by 1,962.5% in the 2nd quarter. Acadian Asset Management LLC now owns 610,062 shares of the semiconductor provider’s stock worth $59,552,000 after acquiring an additional 580,483 shares in the last quarter. Robecosam AG acquired a new stake in NXP Semiconductors during the second quarter worth approximately $43,215,000. Pictet Asset Management Ltd. grew its stake in NXP Semiconductors by 14.8% during the first quarter. Pictet Asset Management Ltd. now owns 3,101,888 shares of the semiconductor provider’s stock worth $274,176,000 after purchasing an additional 400,506 shares during the period. Strategic Global Advisors LLC increased its holdings in NXP Semiconductors by 113.3% in the second quarter. Strategic Global Advisors LLC now owns 696,655 shares of the semiconductor provider’s stock worth $68,000,000 after purchasing an additional 370,067 shares in the last quarter. Finally, RE Advisers Corp bought a new stake in NXP Semiconductors in the second quarter worth approximately $35,207,000. 74.97% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ NXPI traded up $1.92 during mid-day trading on Wednesday, hitting $109.78. The company’s stock had a trading volume of 256,306 shares, compared to its average volume of 2,348,696. The firm has a market capitalization of $35.30 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.36 and a beta of 1.24. The company’s 50 day simple moving average is $101.89 and its 200 day simple moving average is $97.27. The company has a current ratio of 1.82, a quick ratio of 1.44 and a debt-to-equity ratio of 0.79. NXP Semiconductors NV has a twelve month low of $67.62 and a twelve month high of $108.96.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor provider reported $2.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.52. NXP Semiconductors had a net margin of 23.10% and a return on equity of 22.22%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.20 billion. As a group, research analysts forecast that NXP Semiconductors NV will post 6.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.375 per share. This is a boost from NXP Semiconductors’s previous quarterly dividend of $0.25. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, September 13th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 16.84%.

In other news, EVP Keith M. Shull sold 4,569 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $105.53, for a total value of $482,166.57. Following the transaction, the executive vice president now owns 13,783 shares in the company, valued at $1,454,519.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Peter L. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $98.36, for a total value of $983,600.00. Following the completion of the transaction, the chairman now owns 24,404 shares in the company, valued at approximately $2,400,377.44. The disclosure for this sale can be found here.

Several analysts have recently commented on NXPI shares. ValuEngine downgraded shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $105.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. BidaskClub lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. Morgan Stanley increased their target price on shares of NXP Semiconductors from $114.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Loop Capital initiated coverage on shares of NXP Semiconductors in a report on Wednesday, August 28th. They issued a “buy” rating and a $118.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $105.40.

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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