EP Wealth Advisors LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,523 shares of the semiconductor provider's stock, valued at approximately $1,833,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of NXPI. BlackRock Inc. acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at $6,716,412,000. Norges Bank acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of NXP Semiconductors by 34,719.4% during the 4th 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 buying an additional 2,672,697 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth $570,925,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of NXP Semiconductors in the 2nd quarter worth $337,167,000. Institutional investors and hedge funds own 90.54% of the company's stock.
NXP Semiconductors Stock Performance
NASDAQ:NXPI opened at $225.56 on Friday. The firm has a 50-day moving average of $265.95 and a two-hundred day moving average of $252.35. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The stock has a market cap of $56.88 billion, a P/E ratio of 19.25, a PEG ratio of 0.77 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.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company earned $2.72 earnings per share. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, research analysts expect that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.
NXP Semiconductors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued 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 1.8%. NXP Semiconductors's dividend payout ratio is currently 34.64%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on NXPI shares. Wells Fargo & Company lowered their price target on 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. KeyCorp upped their price target on NXP Semiconductors from $300.00 to $345.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. TD Cowen cut their price objective on NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating on the stock in a report on Wednesday, July 29th. Morgan Stanley lifted their price objective on NXP Semiconductors from $335.00 to $338.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $300.00 target price on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $305.43.
Check Out Our Latest Report on NXP Semiconductors
Insiders Place Their Bets
In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president directly owned 3,643 shares in the company, valued at $1,153,118.79. This represents a 32.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 8,942 shares of the company's stock, valued at approximately $2,821,826.94. This represents a 10.06% 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. Corporate insiders own 0.05% of the company's stock.
NXP Semiconductors Profile
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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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