New Vernon Investment Management LLC Takes $599,000 Position in NXP Semiconductors NV (NXPI)

New Vernon Investment Management LLC purchased a new position in shares of NXP Semiconductors NV (NASDAQ:NXPI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,000 shares of the semiconductor provider’s stock, valued at approximately $599,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Signaturefd LLC raised its position in shares of NXP Semiconductors by 299.2% during the 2nd quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock worth $116,000 after purchasing an additional 796 shares during the last quarter. Princeton Capital Management LLC bought a new position in NXP Semiconductors during the 2nd quarter valued at $127,000. First Quadrant L P CA bought a new position in NXP Semiconductors during the 3rd quarter valued at $108,000. FTB Advisors Inc. bought a new position in NXP Semiconductors during the 3rd quarter valued at $307,000. Finally, Willingdon Wealth Management bought a new position in NXP Semiconductors during the 3rd quarter valued at $121,000. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on NXPI. Zacks Investment Research cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Needham & Company LLC dropped their price objective on NXP Semiconductors to $100.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Stifel Nicolaus cut NXP Semiconductors from a “hold” rating to a “sell” rating and dropped their price objective for the company from $99.00 to $84.00 in a research note on Wednesday, September 12th. Cowen dropped their price objective on NXP Semiconductors from $114.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, November 2nd. Finally, BMO Capital Markets lifted their target price on NXP Semiconductors from $70.00 to $75.00 and gave the stock a “market perform” rating in a research note on Friday, November 2nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $103.38.

NASDAQ NXPI opened at $83.37 on Monday. The firm has a market cap of $28.65 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.09 and a beta of 0.92. NXP Semiconductors NV has a one year low of $69.72 and a one year high of $125.93. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.13. NXP Semiconductors had a return on equity of 18.08% and a net margin of 28.38%. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.43 billion. As a group, sell-side analysts forecast that NXP Semiconductors NV will post 6.15 EPS for the current fiscal year.

The company 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 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, December 13th. NXP Semiconductors’s dividend payout ratio is currently 11.84%.

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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; 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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