Qube Research & Technologies Ltd Takes $208,000 Position in NXP Semiconductors NV (NXPI)
Qube Research & Technologies Ltd bought a new stake in NXP Semiconductors NV (NASDAQ:NXPI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,900 shares of the semiconductor provider’s stock, valued at approximately $208,000.
Several other hedge funds also recently bought and sold shares of NXPI. Synovus Financial Corp bought a new position in shares of NXP Semiconductors in the first quarter valued at approximately $101,000. Signaturefd LLC lifted its holdings in shares of NXP Semiconductors by 299.2% in the second quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock valued at $116,000 after purchasing an additional 796 shares in the last quarter. Princeton Capital Management LLC bought a new position in shares of NXP Semiconductors in the second quarter valued at approximately $127,000. MCF Advisors LLC bought a new position in shares of NXP Semiconductors in the first quarter valued at approximately $137,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of NXP Semiconductors in the second quarter valued at approximately $207,000. Institutional investors own 83.59% of the company’s stock.
Shares of NXPI opened at $92.76 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.98 and a quick ratio of 2.26. The company has a market cap of $30.52 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 0.74 and a beta of 0.82. NXP Semiconductors NV has a 12 month low of $84.59 and a 12 month high of $125.93.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 5th. Investors of record on Tuesday, September 25th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Monday, September 24th.
A number of research analysts have recently weighed in on NXPI shares. SunTrust Banks lowered NXP Semiconductors from a “buy” rating to a “hold” rating and dropped their target price for the company from $120.82 to $119.00 in a report on Monday, June 11th. They noted that the move was a valuation call. BidaskClub upgraded NXP Semiconductors from a “strong sell” rating to a “sell” rating in a report on Saturday, June 23rd. ValuEngine lowered NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. Zacks Investment Research upgraded NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, Morgan Stanley dropped their target price on NXP Semiconductors from $127.50 to $105.00 and set an “equal weight” rating on the stock in a report on Thursday, July 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $110.35.
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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