5,889 Shares in NXP Semiconductors N.V. $NXPI Bought by Vise Technologies Inc.

Key Points

• Vise Technologies bought 5,889 NXP Semiconductors shares worth approximately $1.655 million, while institutional investors collectively own 90.54% of the company.
• NXP exceeded quarterly expectations, reporting $3.61 in adjusted EPS and $3.50 billion in revenue, with revenue rising 19.5% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $305.43, while NXP pays a quarterly dividend of $1.014, equivalent to a 1.8% yield.

Vise Technologies Inc. purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,889 shares of the semiconductor provider's stock, valued at approximately $1,655,000.

A number of other hedge funds also recently bought and sold shares of the stock. MGO One Seven LLC raised its stake in NXP Semiconductors by 63.0% in the fourth quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider's stock valued at $3,011,000 after buying an additional 5,359 shares in the last quarter. Teacher Retirement System of Texas increased its position in NXP Semiconductors by 16.4% during the fourth quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider's stock worth $9,847,000 after buying an additional 6,379 shares during the period. Deutsche Bank AG raised its position in NXP Semiconductors by 5.1% in the 4th quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider's stock valued at $418,538,000 after purchasing an additional 93,316 shares during the last quarter. Barclays PLC raised its holdings in shares of NXP Semiconductors by 31.5% in the fourth quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider's stock valued at $495,634,000 after buying an additional 546,790 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in NXP Semiconductors by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 274,099 shares of the semiconductor provider's stock valued at $59,496,000 after acquiring an additional 8,676 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the firm'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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the firm's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the sale, the executive vice president owned 3,643 shares of the company's stock, valued at $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $225.56 on Friday. The business's 50-day simple moving average is $265.95 and its 200-day simple moving average is $252.35. The firm has a market capitalization of $56.88 billion, a P/E ratio of 19.25, a P/E/G ratio of 0.76 and a beta of 1.81. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36.

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 net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the firm posted $2.72 earnings per share. NXP Semiconductors's revenue for the quarter was up 19.5% compared to the same quarter last year. Equities analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio is currently 34.56%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Morgan Stanley raised their target price on shares of NXP Semiconductors from $335.00 to $338.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NXP Semiconductors in a report on Friday, July 31st. Sanford C. Bernstein reissued a "market perform" rating and issued a $290.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. BNP Paribas Exane raised their price target on NXP Semiconductors from $270.00 to $310.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company cut their price objective on shares of NXP Semiconductors from $290.00 to $280.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $305.43.

About NXP Semiconductors

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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