Tortoise Capital Advisors L.L.C. Purchases 29,993 Shares of NXP Semiconductors (NASDAQ:NXPI)

Tortoise Capital Advisors L.L.C. raised its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 106.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,301 shares of the semiconductor provider’s stock after acquiring an additional 29,993 shares during the quarter. Tortoise Capital Advisors L.L.C.’s holdings in NXP Semiconductors were worth $15,688,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after purchasing an additional 2,097,727 shares during the period. Vanguard Group Inc. boosted its position in shares of NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after purchasing an additional 1,909,898 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $164,044,000. Finally, Kodai Capital Management LP bought a new stake in NXP Semiconductors in the 4th quarter valued at about $125,319,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on NXP Semiconductors in a research note on Monday, May 13th. They issued a “buy” rating and a $325.00 price objective for the company. Barclays boosted their price target on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Needham & Company LLC raised their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Morgan Stanley decreased their target price on shares of 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. Finally, Oppenheimer raised their price target on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

Insider Activity at NXP Semiconductors

In other news, insider Julie Southern bought 146 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares in the company, valued at $2,909,429.38. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the transaction, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

NXP Semiconductors Trading Down 4.2 %

Shares of NXP Semiconductors stock opened at $226.70 on Friday. The stock has a fifty day moving average price of $256.79 and a 200-day moving average price of $255.22. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The firm has a market cap of $57.96 billion, a PE ratio of 20.93, a P/E/G ratio of 2.77 and a beta of 1.49. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping the consensus estimate of $2.82 by $0.38. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.04 earnings per share. Equities research analysts anticipate that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $1.014 dividend. The ex-dividend date is Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.79%. NXP Semiconductors’s payout ratio is 37.40%.

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.