17,812 Shares in NXP Semiconductors N.V. $NXPI Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS AM acquired 17,812 NXP Semiconductors shares during the second quarter, valued at approximately $5.0 million. Institutional investors and hedge funds collectively own 90.54% of the company.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $305.65 price target. Ratings include 16 Buys, nine Holds, and one Sell.
• NXP beat quarterly earnings and revenue expectations, reporting $3.61 in EPS and $3.50 billion in revenue, with revenue up 19.5% year over year. The company also announced a quarterly dividend of $1.014 per share, representing a 1.8% yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,812 shares of the semiconductor provider's stock, valued at approximately $5,006,000.

Other institutional investors also recently bought and sold shares of the company. New Mexico Educational Retirement Board acquired a new stake in shares of NXP Semiconductors during the second quarter worth about $3,513,000. Royal London Asset Management Ltd. acquired a new position in NXP Semiconductors in the 2nd quarter valued at about $33,018,000. Toth Financial Advisory Corp purchased a new stake in NXP Semiconductors during the 2nd quarter valued at approximately $73,000. Mufg Securities Americas Inc. purchased a new stake in NXP Semiconductors during the 2nd quarter valued at approximately $2,137,000. Finally, Van ECK Associates Corp acquired a new stake in NXP Semiconductors during the 2nd quarter worth approximately $1,167,458,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NXPI has been the topic of several analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Stifel Nicolaus set a $282.00 price target on NXP Semiconductors in a report on Wednesday, July 29th. Mizuho lowered their price objective on shares of NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of NXP Semiconductors from $295.00 to $300.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a research report on Sunday. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus price target of $305.65.

Insider Activity at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares of the company's stock, valued at $2,821,826.94. This represents a 10.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company's stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $223.87 on Wednesday. The stock has a market capitalization of $56.45 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.77 and a beta of 1.81. The business's 50 day moving average is $248.05 and its two-hundred day moving average is $251.64. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period last year, the firm earned $2.72 EPS. The company's quarterly revenue was up 19.5% compared to the same quarter last year. Research analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors's payout ratio is presently 34.64%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. NASDAQ: NXPI is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.

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