28,901 Shares in NXP Semiconductors N.V. (NASDAQ:NXPI) Purchased by iA Global Asset Management Inc.

Key Points

• iA Global Asset Management Inc. acquired 28,901 shares of NXP Semiconductors, valued at approximately $5.5 million, during the 1st quarter of the year.
• Analysts have raised their price targets for NXP Semiconductors, with estimates now ranging up to $275, indicating a consensus rating of "Moderate Buy".
• NXP Semiconductors reported a quarterly earnings per share of $2.72, exceeding expectations, although revenue declined by 6.4% year over year.

iA Global Asset Management Inc. bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 28,901 shares of the semiconductor provider's stock, valued at approximately $5,493,000.

Several other large investors also recently bought and sold shares of NXPI. Brighton Jones LLC increased its holdings in NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after purchasing an additional 218 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at about $361,000. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of NXP Semiconductors by 1.3% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,591 shares of the semiconductor provider's stock valued at $3,033,000 after acquiring an additional 183 shares during the last quarter. Polymer Capital Management US LLC purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at about $393,000. Finally, Invesco Ltd. increased its holdings in shares of NXP Semiconductors by 10.2% in the 4th quarter. Invesco Ltd. now owns 4,339,344 shares of the semiconductor provider's stock valued at $901,933,000 after acquiring an additional 402,672 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on NXPI shares. KeyCorp increased their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Citigroup increased their price objective on NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a report on Monday, July 7th. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research note on Monday, April 21st. Barclays raised their price target on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Finally, Susquehanna raised their price target on NXP Semiconductors from $195.00 to $210.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $256.05.

NXP Semiconductors Stock Down 1.7%

NXPI opened at $208.47 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. The business has a 50 day simple moving average of $217.43 and a 200-day simple moving average of $206.82. The stock has a market capitalization of $52.56 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.40 and a beta of 1.41. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $259.74.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. NXP Semiconductors's revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.20 earnings per share. On average, equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.9%. NXP Semiconductors's dividend payout ratio (DPR) is presently 48.39%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, CFO William Betz sold 6,785 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the transaction, the chief financial officer owned 1,520 shares of the company's stock, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the transaction, the executive vice president directly owned 27,088 shares of the company's stock, valued at $6,230,240. The trade was a 25.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company's stock.

NXP Semiconductors Company 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.

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