Deutsche Bank AG purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,031,545 shares of the semiconductor provider's stock, valued at approximately $570,925,000. Deutsche Bank AG owned approximately 0.81% of NXP Semiconductors at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NXP Semiconductors by 34,719.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider's stock worth $581,807,000 after acquiring an additional 2,672,697 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of NXP Semiconductors during the second quarter worth $337,167,000. Soroban Capital Partners LP purchased a new position in NXP Semiconductors during the first quarter valued at $169,943,000. Finally, Invesco Ltd. grew its stake in NXP Semiconductors by 17.2% during the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider's stock valued at $1,210,038,000 after acquiring an additional 818,985 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.
Insider Activity at NXP Semiconductors
In related news, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares of the company's stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares of the company's stock, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.
Analysts Set New Price Targets
NXPI has been the topic of several research analyst reports. Mizuho decreased their price target on shares of NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 29th. KeyCorp raised their price objective on NXP Semiconductors from $300.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Evercore boosted their target price on NXP Semiconductors from $260.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 29th. Finally, Bank of America reissued a "neutral" rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and an average price target of $305.43.
View Our Latest Research Report on NXPI
NXP Semiconductors Trading Down 0.8%
Shares of NXPI opened at $232.72 on Tuesday. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a market cap of $58.68 billion, a P/E ratio of 19.86, a P/E/G ratio of 0.80 and a beta of 1.82. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The company's fifty day simple moving average is $271.70 and its 200-day simple moving average is $252.70.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business's revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business earned $2.72 EPS. As a group, analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current year.
NXP Semiconductors Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.7%. NXP Semiconductors's dividend payout ratio (DPR) is presently 34.64%.
About NXP Semiconductors
(
Free Report)
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
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